Earnings Per Share

3 Months Ended

Mar. 31, 2017

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



	Three Months Ended March 31,
	2017	2016
Basic weighted average common shares outstanding	140,081,711	136,599,912
Effect of dilutive securities	—	—
Diluted weighted average common shares outstanding	140,081,711	136,599,912

For the three months ended March 31, 2017 and March 31, 2016, respectively, 1.4 million and 7.0 million of common shares issuable upon the exercise of stock options were anti-dilutive and were excluded from the calculation of diluted shares.

For the three months ended March 31, 2017 and March 31, 2016, the total number of potentially dilutive options was 1.7 million and 1.0 million, respectively. Because the Company had a loss from continuing operations for the quarter, these dilutive options were not included in the computation of diluted net loss per common share since doing so would decrease the loss per share.

No cash dividends were paid during each of the three months ended March 31, 2017 and March 31, 2016.