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Earnings Per Share
9 Months Ended
Sep. 30, 2018
Earnings Per Share  
Earnings Per Share

13.  Earnings Per Share

The following tables set forth the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

Three months ended September 30,

 

    

2018

    

2017

Numerator:

 

 

    

 

 

    

Net earnings attributable to the Company

 

$

120

 

$

126

Denominator (in thousands):

 

 

 

 

 

 

Denominator for basic earnings per share-weighted average shares outstanding

 

 

159,032

 

 

162,866

Effect of dilutive securities:

 

 

 

 

 

 

Stock options and other

 

 

2,003

 

 

2,127

Denominator for diluted earnings per share-adjusted weighted average shares outstanding

 

 

161,035

 

 

164,993

Basic earnings per share:

 

 

 

 

 

 

Earnings from continuing operations

 

$

0.75

 

$

0.78

Loss from discontinued operations

 

 

 —

 

 

(0.01)

Net earnings

 

$

0.75

 

$

0.77

Diluted earnings per share:

 

 

 

 

 

 

Earnings from continuing operations

 

$

0.75

 

$

0.77

Loss from discontinued operations

 

 

 —

 

 

(0.01)

Net earnings

 

$

0.75

 

$

0.76

Options to purchase 1,794,634 and 1,168,671 weighted average shares of common stock which were outstanding during the three months ended September 30, 2018 and 2017, respectively, were not included in the computation of diluted earnings per share because the options exercise price was greater than the average market price of the common shares.

 

 

 

 

 

 

 

 

 

Nine months ended September 30,

 

    

2018

    

2017

Numerator:

 

 

 

 

 

    

Net earnings attributable to the Company

 

$

267

 

$

314

Denominator (in thousands):

 

 

 

 

 

 

Denominator for basic earnings per share-weighted average shares outstanding

 

 

160,936

 

 

162,658

Effect of dilutive securities:

 

 

 

 

 

 

Stock options and other

 

 

2,041

 

 

1,782

Denominator for diluted earnings per share-adjusted weighted average shares outstanding

 

 

162,977

 

 

164,440

Basic earnings per share:

 

 

 

 

 

 

Earnings from continuing operations

 

$

1.67

 

$

1.94

Loss from discontinued operations

 

 

(0.01)

 

 

(0.01)

Net earnings

 

$

1.66

 

$

1.93

Diluted earnings per share:

 

 

 

 

 

 

Earnings from continuing operations

 

$

1.65

 

$

1.92

Loss from discontinued operations

 

 

(0.01)

 

 

(0.01)

Net earnings

 

$

1.64

 

$

1.91

Options to purchase 1,854,809 and 1,664,845 weighted average shares of common stock which were outstanding during the nine months ended September 30, 2018 and 2017, respectively, were not included in the computation of diluted earnings per share because the options exercise price was greater than the average market price of the common shares.