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 and six months ended June 30, 2018, shares deemed to be antidilutive, and thus excluded from the computation of earnings per common share were 14,000 and 13,000, respectively. For the three and six months ended June 30, 2017, shares deemed to be antidilutive, and thus excluded from the computation of earnings per common share were 11,000 and 8,000, 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 June 30,				For the Six Months Ended June 30,
	2018		2017 2018				2017
	(In thousands, except per share amounts)
Earnings per common share:
Net earnings	$	35,373	$	28,373	$	70,286	$	56,877
Less: Net earnings allocated to restricted stock		94		105		202		217

Net earnings allocated to common shareholders	$	35,279	$	28,268	$	70,084	$	56,660

Weighted average shares outstanding		109,983		109,730		109,921		109,039
Basic earnings per common share	$	0.32	$	0.26	$	0.64	$	0.52


Diluted earnings per common share:
Net income allocated to common shareholders		35,279		28,268		70,084		56,660

Weighted average shares outstanding		109,983		109,730		109,921		109,039
Incremental shares from assumed exercise of outstanding options		372		348		418		406

Diluted weighted average shares outstanding		110,355		110,078		110,339		109,445
Diluted earnings per common share	$	0.32	$	0.26	$	0.64	$	0.52