Earnings Per Share

6 Months Ended

Jun. 30, 2014

The following is a reconciliation of the average shares outstanding used to compute basic and diluted earnings per share.



	Three Months Ended June 30,		Six Months Ended June 30,
	2014	2013	2014	2013
Basic weighted average common shares outstanding	134,990,382	132,999,781	134,590,994	132,655,172
Effect of dilutive securities	2,436,260	2,112,949	2,829,485	2,374,272
Diluted weighted average common shares outstanding	137,426,642	135,112,730	137,420,479	135,029,444

For the three months ended June 30, 2014 and June 30, 2013, 0.8 million and 2.3 million, respectively, of common shares issuable upon the exercise of stock options were anti-dilutive and were excluded from the calculation of diluted earnings per share. For the six months ended June 30, 2014 and June 30, 2013, 1.2 million and 2.7 million, respectively, of common shares issuable upon the exercise of stock options were anti-dilutive and were excluded from the calculation of diluted earnings per share.

No dividends were paid during each of the six months ended June 30, 2014 and June 30, 2013.

- Definition

The entire disclosure for earnings per share.

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