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Earnings Per Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share  
Earnings Per Share

17.  Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

    

2016

    

2015

    

2014

 

Numerator:

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to the Company

 

$
209

 

$
135

 

$
164

 

Denominator (in thousands):

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share-weighted average shares outstanding

 

 
161,857

 

 
161,169

 

 
164,720

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

Stock options and other

 

 
968

 

 
966

 

 
1,327

 

Denominator for diluted earnings per share-adjusted weighted average shares outstanding

 

 
162,825

 

 
162,135

 

 
166,047

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

 

$
1.33

 

$
0.86

 

$
1.14

 

Loss from discontinued operations

 

 
(0.04)

 

 
(0.03)

 

 
(0.14)

 

Net earnings

 

$
1.29

 

$
0.83

 

$
1.00

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

 

$
1.32

 

$
0.85

 

$
1.13

 

Loss from discontinued operations

 

 
(0.04)

 

 
(0.03)

 

 
(0.14)

 

Net earnings

 

$
1.28

 

$
0.82

 

$
0.99

 

Options to purchase 2,770,458,  1,937,315 and 1,143,933 weighted average shares of common stock which were outstanding during 2016, 2015 and 2014, 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.