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Earnings Per Share
 12 Months Ended
Dec. 31, 2018
Earnings Per Share  
Earnings Per Share

18.  Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

2018

    

2017

    

2016

 

Numerator:

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to the Company

 

$

257

 

$

180

 

$

209

 

Denominator (in thousands):

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share-weighted average shares outstanding

 

 

160,125

 

 

162,737

 

 

161,857

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

Stock options and other

 

 

1,963

 

 

1,910

 

 

968

 

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

 

 

162,088

 

 

164,647

 

 

162,825

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

 

$

0.90

 

$

1.12

 

$

1.33

 

Gain (loss) from discontinued operations

 

 

0.71

 

 

(0.01)

 

 

(0.04)

 

Net earnings

 

$

1.61

 

$

1.11

 

$

1.29

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

 

$

0.89

 

$

1.11

 

$

1.32

 

Gain (loss) from discontinued operations

 

 

0.70

 

 

(0.01)

 

 

(0.04)

 

Net earnings

 

$

1.59

 

$

1.10

 

$

1.28

 

Options to purchase 1,726,275,  1,522,928 and 2,770,458 weighted average shares of common stock which were outstanding during 2018, 2017, and 2016, 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.