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Earnings per Share
3 Months Ended
Mar. 31, 2015
Earnings per Share [Abstract]  
Earnings per Share

 

Note I – Earnings per Share

 

Net income (loss) was used as the numerator in computing both basic and diluted income per Common share for the three-month periods ended March 31, 2015 and 2014.  The following table reconciles the weighted-average shares outstanding used for these computations.

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

March 31,

(Weighted-average shares)

2015

 

2014

Basic method

177,734,159 

 

181,367,565 

Dilutive stock options and restricted stock units

507,457 

 

1,209,005 

   Diluted method

178,241,616 

 

182,576,570 

 

The following table reflects certain options to purchase shares of common stock that were outstanding during the 2015 and 2014 periods but were not included in the computation of diluted earnings per share because the incremental shares from assumed conversion were antidilutive.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31,

 

 

2015

 

2014

Antidilutive stock options excluded from diluted shares

 

3,314,751 

 

 

1,555,015 

Weighted average price of these options

$

57.19 

 

$

58.97