8.	EARNINGS PER SHARE RECONCILIATION

Basic earnings per common share are computed by dividing income allocated to common stockholders by the weighted-average number of common shares outstanding during each period. The computation of diluted earnings per common share considers the number of shares issuable upon the assumed exercise of outstanding common stock options. Antidilutive common shares are not included in the calculation of diluted earnings per common share. For the three months ended March 31, 2018 and 2017, shares deemed to be antidilutive, and thus excluded from the computation of earnings per common share were 16,000 and 1,000, respectively.

The table below shows earnings per common share and diluted earnings per common share, and reconciles the numerator and denominator of both earnings per common share calculations.


	For the Three Months Ended March 31,
	2018		2017
	(In thousands, except per share amounts)
Earnings per common share:
Net earnings	$	34,913	$	28,504
Less: Net earnings allocated to restricted stock		108		112

Net earnings allocated to common shareholders	$	34,805	$	28,392

Weighted average shares outstanding		109,859		108,339
Basic earnings per common share	$	0.32	$	0.26


Diluted earnings per common share:
Net income allocated to common shareholders	$	34,805	$	28,392

Weighted average shares outstanding		109,859		108,339
Incremental shares from assumed exercise of outstanding options		364		467

Diluted weighted average shares outstanding		110,223		108,806
Diluted earnings per common share	$	0.32	$	0.26