Earnings Per Share

6 Months Ended

Jun. 30, 2015

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,
	2015	2014	2015	2014
Basic weighted average common shares outstanding	136,130,861	134,990,382	135,887,738	134,590,994
Effect of dilutive securities	1,855,038	2,436,260	1,543,827	2,829,485
Diluted weighted average common shares outstanding	137,985,899	137,426,642	137,431,565	137,420,479

For the three months ended June 30, 2015 and June 30, 2014, 2.2 million and 0.8 million, respectively, of common shares issuable upon the exercise of stock options were anti-dilutive and were excluded from the calculation of diluted shares. For the six months ended June 30, 2015 and June 30, 2014, 2.2 million and 1.2 million, respectively, of common shares issuable upon the exercise of stock options were anti-dilutive and were excluded from the calculation of diluted shares.

No dividends were paid during each of the six months ended June 30, 2015 and June 30, 2014.