Below are the computations of basic and diluted earnings per share for the three and six months ended June 30, 2016 and 2015:

(In thousands, except per share amounts)	Three Months Ended June 30				Six Months Ended June 30
	2016		2015		2016		2015
Computation of Basic Earnings per Share
Net income attributable to Stepan Company	$	27,865	$	16,914	$	55,519	$	38,184
Weighted-average number of common shares outstanding		22,760		22,742		22,746		22,731
Basic earnings per share	$	1.22	$	0.74	$	2.44	$	1.68

Computation of Diluted Earnings per Share
Net income attributable to Stepan Company	$	27,865	$	16,914	$	55,519	$	38,184
Weighted-average number of shares outstanding		22,760		22,742		22,746		22,731
Add weighted-average net shares issuable from assumed exercise of options (under treasury stock method)⁽¹⁾		125		127		119		116
Add weighted-average net shares related to unvested stock awards (under treasury stock method)		5		2		5		3
Add weighted-average net shares from assumed exercise of SARS (under treasury stock method)		38		—		23		—
Add weighted-average contingently issuable net shares related to performance stock awards (under treasury stock method)		30		—		27		—
Weighted-average shares applicable to diluted earnings		22,958		22,871		22,920		22,850
Diluted earnings per share	$	1.21	$	0.74	$	2.42	$	1.67

⁽¹⁾ Options to purchase 85,243 and 87,430 shares of Company common stock were excluded from the computations of diluted earnings per share for the three and six months ended June 30, 2016, respectively. Options to purchase 91,678 and 158,888 shares of Company common stock were excluded from the computations of diluted earnings per share for the three and six months ended June 30, 2015, respectively. The options’ exercise prices were greater than the average market price for the common stock and their effect would have been antidilutive.