EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Diluted earnings per share was computed based on the weighted-average number of shares outstanding plus all potentially dilutive common shares. A reconciliation of basic to diluted shares used in the earnings per share calculation is as follows:

 

	Three Months Ended		Six Months Ended
	June 30,		June 30,
(In thousands)	2021	2020	2021	2020
Basic weighted-average shares outstanding	40,915	41,629	40,921	42,092
Dilutive effect of stock options and deferred stock compensation	173	226	171	270
Diluted weighted-average shares outstanding	41,088	41,855	41,092	42,362

For the three and six months ended June 30, 2021, approximately 34,000 and 61,000 shares, respectively, issuable under equity-based awards were excluded from the calculation of diluted earnings per share as they were anti-dilutive based on the average stock price during the period. There were no anti-dilutive equity-based awards for three and six months ended June 30, 2020.