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Earnings Per Share
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share, Policy [Policy Text Block]
Note 2. 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 
 
 
March 31,
 
 
2017
 
2016
Weighted average shares outstanding - basic
 
82,349,024

 
83,983,028

Dilutive effect of share-based awards
 
95,434

 

Weighted average shares outstanding - diluted
 
82,444,458

 
83,983,028