Earnings Per Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share

Earnings Per Share

13.  Earnings Per Share

The following tables set forth the computation of basic and diluted earnings per share:

	Three months ended September 30,
	2016		2015
Numerator:
Net earnings attributable to the Company	$	108	$	17
Denominator (in thousands):
Denominator for basic earnings per share-weighted average shares outstanding		162,080		160,730
Effect of dilutive securities:
Stock options and other		1,124		882
Denominator for diluted earnings per share-adjusted weighted average shares outstanding		163,204		161,612
Basic earnings per share:
Earnings from continuing operations	$	0.68	$	0.11
Loss from discontinued operations		(0.02)		(0.01)
Net earnings	$	0.66	$	0.10
Diluted earnings per share:
Earnings from continuing operations	$	0.68	$	0.11
Loss from discontinued operations		(0.02)		(0.01)
Net earnings	$	0.66	$	0.10

Options to purchase 2,858,371 and 2,069,000 weighted average shares of common stock which were outstanding during the three months ended September 30, 2016 and 2015, respectively, were not included in the computation of diluted earnings per share because the options exercise price was greater than the average market price of the common shares.

	Nine months ended September 30,
	2016		2015
Numerator:
Net earnings attributable to the Company	$	280	$	128
Denominator (in thousands):
Denominator for basic earnings per share-weighted average shares outstanding		161,744		161,284
Effect of dilutive securities:
Stock options and other		863		980
Denominator for diluted earnings per share-adjusted weighted average shares outstanding		162,607		162,264
Basic earnings per share:
Earnings from continuing operations	$	1.76	$	0.81
Loss from discontinued operations		(0.04)		(0.02)
Net earnings	$	1.72	$	0.79
Diluted earnings per share:
Earnings from continuing operations	$	1.75	$	0.81
Loss from discontinued operations		(0.04)		(0.02)
Net earnings	$	1.71	$	0.79

Options to purchase 2,922,833 and 1,872,891 weighted average shares of common stock which were outstanding during the nine months ended September 30, 2016 and 2015, respectively, were not included in the computation of diluted earnings per share because the options exercise price was greater than the average market price of the common shares.