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Earnings per Common Share
 6 Months Ended
Jun. 30, 2014
Earnings per Common Share  
Earnings per Common Share

11. Earnings per Common Share

 

Basic EPS is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted EPS is similarly calculated except that the common shares outstanding for the period is increased using the treasury stock method to reflect the potential dilution that could occur if outstanding stock appreciation rights were exercised and stock awards were vested at the end of the applicable period.

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

(In thousands)

 

2014

 

2013

 

2014

 

2013

 

Weighted-average shares - basic

 

417,291

 

420,698

 

417,097

 

420,500

 

Dilution effect of stock appreciation rights and stock awards at end of period

 

1,801

 

2,792

 

1,645

 

2,484

 

Weighted-average shares - diluted

 

419,092

 

423,490

 

418,742

 

422,984

 

 

 

 

 

 

 

 

 

 

 

Weighted-average stock awards and shares excluded from diluted earnings per share due to the anti-dilutive effect

 

2

 

2

 

409

 

574