XML 19 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings Per Share
9 Months Ended
Sep. 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 daily 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 
 
Nine Months Ended
 
 
September 30,
 
September 30,
 
 
2016
 
2015
 
2016
 
2015
Weighted average shares outstanding - basic
 
82,742,070

 
85,247,467

 
83,357,449

 
85,645,760

Dilutive effect of share-based awards
 
69,301

 

 
32,375

 

Weighted average shares outstanding - diluted
 
82,811,371

 
85,247,467


83,389,824


85,645,760