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Earnings Per Share | 6 Months Ended
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Jun. 30, 2017
Earnings Per Share [Abstract] |
Earnings Per Share | The following table sets forth the reconciliation of the numerator and the denominator of basic earnings per share and diluted earnings per share for the three months ended June 30, 2017 and 2016, respectively:
| Three Months Ended June 30, | Six Months Ended June 30,
| 2017 | 2016 | 2017 | 2016
Numerator: |  |  |  |
Net income attributable to The Timken Company | $ | 82.5 |  | $ | 48.2 |  | $ | 120.7 |  | $ | 114.1 |
Less: undistributed earnings allocated to nonvested stock | — |  | — |  | — |  | — |
Net income available to common shareholders for basic earnings per share and diluted earnings per share | $ | 82.5 |  | $ | 48.2 |  | $ | 120.7 |  | $ | 114.1 |
Denominator: |  |  |  |
Weighted average number of shares outstanding, basic | 77,931,576 |  | 78,671,509 |  | 77,814,438 |  | 79,225,703 |
Effect of dilutive securities: |  |  |  |
Stock options and awards based on the treasury stock method | 1,097,821 |  | 641,265 |  | 1,129,991 |  | 654,519 |
Weighted average number of shares outstanding, assuming dilution of stock options and awards | 79,029,397 |  | 79,312,774 |  | 78,944,429 |  | 79,880,222 |
Basic earnings per share | $ | 1.06 |  | $ | 0.61 |  | $ | 1.55 |  | $ | 1.44 |
Diluted earnings per share | $ | 1.04 |  | $ | 0.61 |  | $ | 1.53 |  | $ | 1.43 |
The exercise prices for certain stock options that the Company has awarded exceed the average market price of the Company’s common shares. Such stock options are antidilutive and were not included in the computation of diluted earnings per share. The antidilutive stock options outstanding during the three months ended June 30, 2017 and 2016 were 465,826 and 3,440,775, respectively. During the six months ended June 30, 2017 and 2016, the antidilutive stock options outstanding were 556,683 and 3,266,844, respectively.

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