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Earnings Per Share
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share, Policy [Policy Text Block]
Note 3. Earnings Per Share

Basic earnings per share of the Company is computed by dividing net income by the weighted average number of shares of common stock outstanding for the period, excluding unvested restricted stock. Unvested restricted stock is included in common shares outstanding in the balance sheets. Diluted earnings per share is computed using the treasury stock method and includes the impact of shares of unvested restricted stock.

The following table provides a reconciliation of the number of common shares used in computing basic and diluted earnings per share:

 
 
Three Months Ended 
 
Six Months Ended
 
 
June 30,
 
June 30,
 
 
2016
 
2015
 
2016
 
2015
Weighted average shares outstanding - basic
 
83,354,013

 
85,726,933

 
83,668,521

 
85,848,208

Dilutive effect of share-based awards
 
27,416

 

 
13,707

 

Weighted average shares outstanding - diluted
 
83,381,429

 
85,726,933


83,682,228


85,848,208