Earnings Per Share

3 Months Ended

Mar. 31, 2020

A reconciliation of the numerators and the denominators of the basic and diluted per share computations are as follows:


	Three Months Ended
	2020								2019
	Earnings		Shares	Per-Share		Earnings		Shares	Per-Share
(In thousands, except per share data)	(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount

Basic earnings per share:
Income available to common shareholders	$	147,159	309,657	$	0.48	$	166,219	324,573	$	0.51
Effect of dilutive securities:
Stock options, non-vested shares and share units	—		2,583			—		2,430
Diluted earnings per share:
Income available to common shareholders including assumed conversions	$	147,159	312,240	$	0.47	$	166,219	327,003	$	0.51

For the three months ended March 31, 2020 and March 30, 2019, options to purchase 4.1 million and 13.7 million shares of common stock at per share prices ranging from $56.76 to $76.49 and $47.99 to $73.40, respectively, were outstanding but were not included in the computation of diluted earnings per share because they were anti-dilutive.