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Earnings Per Share
 12 Months Ended
Dec. 31, 2017
Earnings Per Share  
Earnings Per Share

17.  Earnings Per Share

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

2017

    

2016

    

2015

 

Numerator:

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to the Company

 

$

180

 

$

209

 

$

135

 

Denominator (in thousands):

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share-weighted average shares outstanding

 

 

162,737

 

 

161,857

 

 

161,169

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

Stock options and other

 

 

1,910

 

 

968

 

 

966

 

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

 

 

164,647

 

 

162,825

 

 

162,135

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

 

$

1.12

 

$

1.33

 

$

0.86

 

Loss from discontinued operations

 

 

(0.01)

 

 

(0.04)

 

 

(0.03)

 

Net earnings

 

$

1.11

 

$

1.29

 

$

0.83

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

 

$

1.11

 

$

1.32

 

$

0.85

 

Loss from discontinued operations

 

 

(0.01)

 

 

(0.04)

 

 

(0.03)

 

Net earnings

 

$

1.10

 

$

1.28

 

$

0.82

 

Options to purchase 1,552,928,  2,770,458 and 1,937,315 weighted average shares of common stock which were outstanding during 2017, 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.