Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2019

Composition of Weighted-Average Common Shares (Denominator) Used in Basic and Diluted 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,
	2019			2018			2019			2018
Weighted average common shares issued	113,914,902			113,914,902			113,914,902			113,914,902
Average treasury stock shares	(15,496,941		)	(13,550,710		)	(15,396,215		)	(14,783,078		)
Average deferred compensation shares	(37,411		)	(37,411		)	(37,411		)	(37,411		)
Average unearned nonvested shares	(113,321		)	(100,134		)	(117,737		)	(95,916		)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	98,267,229			100,226,647			98,363,539			98,998,497
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share	243,258			226,754			214,837			161,660
Additional common stock equivalents (deferred compensation) used to calculate diluted earnings per share	37,411			37,411			37,411			37,411
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share	98,547,898			100,490,812			98,615,787			99,197,568
Basic Earnings per Share	$	0.27		$	0.25		$	0.80		$	0.81
Diluted Earnings per Share	$	0.27		$	0.25		$	0.80		$	0.81

Common Stock Equivalents Not Included in Computation of Diluted Earnings Per Share

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.



	2019					2018
		Price Range					Price Range
	Shares	From		To		Shares	From		To
Restricted Stock	95,054	$	12.99	$	15.44	66,332	$	8.84	$	14.49
Restricted Stock Units	24,782	$	16.62	$	16.62	—	$	—	$	—