Earnings per Share

12 Months Ended

Dec. 31, 2016

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 computation for the years ending December 31:

	2016		2015		2014
Weighted average common shares issued	105,563,455		105,563,455		105,563,455
Average treasury shares	(16,605,461	)	(16,045,900	)	(12,294,217	)
Average unearned nonvested shares	(106,421	)	(160,788	)	(154,584	)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	88,851,573		89,356,767		93,114,654
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share	—		—		—
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share	88,851,573		89,356,767		93,114,654

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 years ended December 31, because to do so would have been anti-dilutive.

	12/31/2016					12/31/2015					12/31/2014
		Price Range					Price Range					Price Range
	Shares	From		To		Shares	From		To		Shares	From		To
Stock Options	—	$	—	$	—	—	$	—	$	—	15,000	$	14.55	$	14.55
Restricted Stock	67,920	8.38		13.96		92,002	6.82		9.84		106,977	5.26		9.26