NOTE 6 – PER SHARE DATA

Basic earnings per share (“EPS”) are calculated using the two-class method. The two-class method provides that unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and shall be included in the computation of basic EPS. Diluted EPS is computed using the weighted-average number of shares determined for the basic EPS computation plus the shares resulting from the assumed exercise of all outstanding share-based awards using the treasury stock method. There were no weighted-average antidilutive stock options to purchase of Company common stock for the three months ended March 31, 2017 to be excluded from diluted shares. Antidilutive other equity awards of approximately 26,700 shares of Company common stock for the three months ended March 31, 2017 were excluded from diluted shares. Weighted-average antidilutive stock options to purchase approximately 169,100 of Company common stock with a weighted average exercise price of $23.35 per share for the three months ended March 31, 2016 were excluded from diluted shares. Antidilutive other equity awards of approximately 32,200 shares of Company common stock for the three months ended March 31, 2016 were excluded from diluted shares.

The following table provides a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the periods shown:



		Three months ended March 31,
		2017			2016
		Income	Shares	Per Share	Income	Shares	Per Share
		(Numerator)	(Denominator)	Amount	(Numerator)	(Denominator)	Amount
Basic EPS	(In thousands, except per share amounts)
Income available to common
shareholders		$ 38,093	93,643	$ 0.41	$ 22,549	94,369	$ 0.24
Effect of dilutive share-
based awards		-	186		-	225

Diluted EPS
Income available to common
shareholders plus assumed
exercise of all outstanding
share-based awards		$ 38,093	93,829	$ 0.41	$ 22,549	94,594	$ 0.24