Earnings Per Share

6 Months Ended

Jun. 30, 2021

Earnings Per Share

Earnings Per Share

Note 2. Earnings Per Share

Basic earnings per share is based on the weighted average shares of common stock outstanding during the period. Diluted earnings per share assumes the weighted average dilutive effect of common share equivalents outstanding during the period applied to the company’s basic earnings per share. Common share equivalents represent potentially dilutive restricted stock units, deferred stock units, restricted stock, and performance awards, and are excluded from the computation in periods in which they have an anti-dilutive effect. There were no anti-dilutive common share equivalents as of or for the three and six months ended June 30, 2021 and 2020.

	Three-Month Periods Ended June 30,
	2021						2020
			Weighted						Weighted
			Average						Average
	Net Income		Shares		Per Share		Net Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount		(Numerator)		(Denominator)		Amount
Basic earnings per share	$	702,291		209,647	$	3.35	$	75,496		210,343	$	0.36
Dilutive common share equivalents		-		1,599				-		1,035
Diluted earnings per share	$	702,291		211,246	$	3.32	$	75,496		211,378	$	0.36

	Six-Month Periods Ended June 30,
	2021						2020
			Weighted						Weighted
			Average						Average
	Net Income		Shares		Per Share		Net Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount		(Numerator)		(Denominator)		Amount
Basic earnings per share	$	1,132,798		210,331	$	5.39	$	262,836		211,798	$	1.24
Dilutive common share equivalents		-		1,419				-		903
Diluted earnings per share	$	1,132,798		211,750	$	5.35	$	262,836		212,701	$	1.24