Earnings per Share

6 Months Ended

Jun. 30, 2015

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 and six-month periods ended June 30, 2015 and 2014. The following table reconciles the weighted-average shares outstanding used for these computations.



	Three Months Ended		Six Months Ended
	June 30,		June 30,
(Weighted-average shares)	2015	2014	2015	2014
Basic method	174,488,842	178,500,440	176,343,309	180,003,605
Dilutive stock options and restricted stock units*	–	1,544,580	–	1,324,309
Diluted method	174,488,842	180,045,020	176,343,309	181,327,914

*Due to a net loss recognized by the Company for the three-month and six-month periods ended June 30, 2015, no unvested stock awards were included in computing earnings per share because the effect was anti-dilutive.

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				Six Months Ended
		June 30,			June 30,
		2015	2014		2015		2014
Antidilutive stock options excluded from diluted shares		5,988,668		1,161,442		5,767,975		1,810,012
Weighted average price of these options	$	53.12	$	60.02	$	53.31	$	58.90