Earnings per Share

9 Months Ended

Sep. 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 nine-month periods ended September 30, 2015 and 2014. The following table reconciles the

weighted-average shares outstanding used for these computations.



	Three Months Ended		Nine Months Ended
	September 30,		September 30,
(Weighted-average shares)	2015	2014	2015	2014
Basic method	172,205,433	177,535,503	175,047,295	179,259,573
Dilutive stock options and restricted stock units*	–	1,320,575	–	1,318,512
Diluted method	172,205,433	178,856,078	175,047,295	180,578,085

*Due to a net loss recognized by the Company for the three-month and nine-month periods ended September 30, 2015,

no unvested stock awards were included in the computation of diluted earnings per share because the effect would have

been 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 the assumed conversion were antidilutive.



	Three Months Ended				Nine Months Ended
		September 30,			September 30,
		2015	2014		2015		2014
Antidilutive stock options excluded from diluted shares		5,807,453		1,998,009		5,770,731		1,855,667
Weighted average price of these options	$	53.13		58.53		53.25		58.80