Transition report pursuant to Rule 13a-10 or 15d-10

EARNINGS PER SHARE

v3.8.0.1
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
 
 
Three Months Ended March
(In thousands, except per share amounts)
 
2018
 
 
2017
Earnings per share – basic:
 
 
 
 
 
Income from continuing operations
 
$
261,164

 
 
$
213,276

Weighted average common shares outstanding
 
395,253

 
 
411,990

Earnings per share from continuing operations
 
$
0.66

 
 
$
0.52

Earnings per share – diluted:
 
 
 
 
 
Income from continuing operations
 
$
261,164

 
 
$
213,276

Weighted average common shares outstanding
 
395,253

 
 
411,990

Incremental shares from stock options and other dilutive securities
 
6,023

 
 
3,970

Adjusted weighted average common shares outstanding
 
401,276

 
 
415,960

Earnings per share from continuing operations
 
$
0.65

 
 
$
0.51



For the three months ended March 2018, all outstanding options to purchase shares were dilutive and included in the calculation of diluted earnings per share. Outstanding options to purchase 10.6 million shares were excluded from the calculation of diluted earnings per share for the three-month period ended March 2017 because the effect of their inclusion would have been antidilutive.
In addition, 0.9 million and 1.1 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for the three-month periods ended March 2018 and March 2017, respectively, because these units were not considered to be contingent outstanding shares in those periods.