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Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2016
Earnings per Share [Abstract]  
Weighted-Average Shares Outstanding for Computation of Basic and Diluted Income per Common Share



 

 

 

 

 

 

 



 

 

 

 

 

 

 



Three Months Ended

 

Six Months Ended



June 30,

 

June 30,

(Weighted-average shares)

2016

 

2015

 

2016

 

2015

Basic method

172,196,914 

 

174,488,842 

 

172,149,791 

 

176,343,309 

Dilutive stock options*

602,913 

 

– 

 

– 

 

– 

   Diluted method

172,799,827 

 

174,488,842 

 

172,149,791 

 

176,343,309 





     *Due to a net loss recognized by the Company for the three-month period ended June 30, 2015 and six-month periods ended June 30, 2016 and 2015, no unvested stock awards were included in the computation of diluted earnings per share because the effect would have been anti-dilutive.



Anti Dilutive Securities Not Included in Computation of Diluted EPS



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Three Months Ended

 

Six Months Ended



 

June 30,

 

June 30,



 

2016

 

2015

 

2016

 

2015

Antidilutive stock options excluded from diluted shares

 

5,084,395 

 

 

5,988,668 

 

 

5,799,268 

 

 

5,767,975 

Weighted average price of these options

$

54.22 

 

$

53.12 

 

 

50.17 

 

 

53.31