Earnings Per Share

6 Months Ended

Jun. 30, 2016

The following table sets forth a reconciliation of basic and diluted shares (in thousands):



	Three months ended June 30,		Six months ended June 30,
	2016	2015	2016	2015

Average common shares outstanding	125,375	124,734	125,183	124,432
Effect of dilutive securities - share-based compensation	969	669	672	642
Average shares for diluted computations	126,344	125,403	125,855	125,074

There were no adjustments to net income required for purposes of computing diluted earnings per share.

Share options, share appreciation rights and restricted share units granted under share-based compensation plans are anti-dilutive and excluded from diluted earnings per share when the hypothetical number of shares that could be repurchased under the treasury stock method exceeds the number of shares that can be exercised, or when the Company reports a net loss from continuing operations. Anti-dilutive shares, which could potentially dilute earnings per share in the future, are set forth below (in thousands):



	Three months ended June 30,		Six months ended June 30,
	2016	2015	2016	2015

Share options and appreciation rights	1,589	1,399	1,589	1,399
Restricted share units	741	603	1,876	1,475
Total potentially dilutive shares	2,330	2,002	3,465	2,874