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Earnings per Share
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share
The following table summarizes the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computations:
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Weighted average common shares issued
105,563,455

 
105,563,455

 
105,563,455

 
105,563,455

Average treasury stock shares
(16,602,502
)
 
(12,836,692
)
 
(15,858,433
)
 
(11,773,187
)
Average unearned nonvested shares
(153,659
)
 
(159,260
)
 
(177,462
)
 
(162,335
)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share
88,807,294

 
92,567,503

 
89,527,560

 
93,627,933

Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share
6,452

 
11,198

 
3,938

 
4,850

Additional common stock equivalents (stock options) used to calculate diluted earnings per share

 

 

 

Weighted average common shares and common stock equivalents used to calculate diluted earnings per share
88,813,746

 
92,578,701

 
89,531,498

 
93,632,783


The following table shows the number of shares and the price per share related to common stock equivalents that were not included in the computation of diluted earnings per share for the nine months ended September 30 because to do so would have been antidilutive.
 
2015
 
2014
 
 
 
Price Range
 
 
 
Price Range
 
Shares
 
From
 
To
 
Shares
 
From
 
To
Stock Options

 
$

 
$

 
15,000

 
$
14.55

 
$
14.55

Restricted Stock
121,091

 
5.26

 
9.84

 
94,929

 
4.41

 
9.18