Earnings per Common Share (Tables)

The following is a calculation of basic and diluted weighted-average shares outstanding:



	Three Months Ended March 31,
(In thousands)	2020	2019
Weighted-average shares - basic	398,343	423,116
Dilution effect of stock awards at end of period	1,554	2,073
Weighted-average shares - diluted	399,897	425,189

The following is a calculation of weighted-average shares excluded from diluted EPS due to the anti-dilutive effect:

Three Months Ended
March 31,

(In thousands)

Weighted-average stock awards excluded from diluted EPS due to the anti-dilutive effect calculated using the treasury stock method