6. Earnings Per Share

9 Months Ended

Sep. 30, 2015

Earnings per share:

Earnings Per Share

(6) Earnings Per Share

Earnings per share for the three-month and nine-month periods ended September 30, 2015 and 2014 were calculated using the weighted average number of shares outstanding for the related period. The following table reconciles the number of shares used in the computations of basic and diluted earnings per share for the three-month and nine-month periods ended September 30, 2015 and 2014:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
	(In thousands)				(In thousands)
Weighted average number of common shares outstanding during the period used to compute basic earnings per share		26,093		25,290		25,989		24,895
		$
Incremental common shares attributable to exercise of outstanding options and warrants		5,383		6,750		5,807		7,126
		$
Weighted average number of common shares used to compute diluted earnings per share		31,476		32,040		31,796		32,021

If the anti-dilutive effects of common stock equivalents were considered, shares included in the diluted earnings per share calculation for the three-month and nine-month periods ended September 30, 2015 would have included an additional 6.7 million and 5.8 million shares, respectively attributable to the exercise of outstanding options and warrants. For the three-month and nine-month periods ended September 30, 2014, an additional 4.0 and 3.1 million shares, respectively, would be included in the diluted earnings per share calculation.