Earnings per Share

3 Months Ended

Mar. 31, 2018

Note J – Earnings per Share

Net income was used as the numerator in computing both basic and diluted income per Common share for the three-month periods ended March 31, 2018 and 2017. The following table reconciles the weighted-average shares outstanding used for these computations.



	Three Months Ended
	March 31,
(Weighted-average shares)	2018	2017
Basic method	172,805,065	172,422,449
Dilutive stock options and restricted stock units	1,814,459	666,242
Diluted method	174,619,524	173,088,691

The following table reflects certain options to purchase shares of common stock that were outstanding during the periods presented but were not included in the computation of diluted shares above because the incremental shares from assumed conversion were antidilutive.



	Three Months Ended
		March 31,
		2018	2017
Antidilutive stock options excluded from diluted shares		3,798,792		5,029,752
Weighted average price of these options	$	50.77	$	52.26