Earnings Per Share

9 Months Ended

Sep. 30, 2017

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,
	2017		2016
Numerator:
Net earnings attributable to the Company	$	126		$	108
Denominator (in thousands):
Denominator for basic earnings per share-weighted average shares outstanding		162,866			162,080
Effect of dilutive securities:
Stock options and other		2,127			1,124
Denominator for diluted earnings per share-adjusted weighted average shares outstanding		164,993			163,204
Basic earnings per share:
Earnings from continuing operations	$	0.78		$	0.68
Loss from discontinued operations		(0.01)			(0.02)
Net earnings	$	0.77		$	0.66
Diluted earnings per share:
Earnings from continuing operations	$	0.77		$	0.68
Loss from discontinued operations		(0.01)			(0.02)
Net earnings	$	0.76		$	0.66

Options to purchase 1,168,671 and 2,858,371 weighted average shares of common stock which were outstanding during the three months ended September 30, 2017 and 2016, 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,
	2017		2016
Numerator:
Net earnings attributable to the Company	$	314	$	280
Denominator (in thousands):
Denominator for basic earnings per share-weighted average shares outstanding		162,658		161,744
Effect of dilutive securities:
Stock options and other		1,782		863
Denominator for diluted earnings per share-adjusted weighted average shares outstanding		164,440		162,607
Basic earnings per share:
Earnings from continuing operations	$	1.94	$	1.76
Loss from discontinued operations		(0.01)		(0.04)
Net earnings	$	1.93	$	1.72
Diluted earnings per share:
Earnings from continuing operations	$	1.92	$	1.75
Loss from discontinued operations		(0.01)		(0.04)
Net earnings	$	1.91	$	1.71

Options to purchase 1,664,845 and 2,922,833 weighted average shares of common stock which were outstanding during the nine months ended September 30, 2017 and 2016, 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.