Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.8.0.1
Earnings Per Share
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Share

6.  EARNINGS PER SHARE

Basic earnings per share (“EPS”) is calculated using the average number of shares of common stock outstanding during each period. For the calculation of diluted shares, we assume that restricted stock is outstanding on the date of vesting, and we assume the issuance of shares from the exercise of stock options using the treasury stock method.

A reconciliation from basic to diluted shares follows:   



 

 

 

 



 

Three Months Ended March 31,



 

2018

 

2017



 

(in thousands)

Basic weighted average shares outstanding

 

58,863 

 

58,567 

Effect of dilutive securities

 

 —

 

13 

Diluted weighted average shares outstanding

 

58,863 

 

58,580 

Stock options and unvested restricted stock grants excluded from dilutive calculation because they would be anti-dilutive

 

3,255 

 

2,238