Earnings per Share (Tables)

12 Months Ended

Dec. 31, 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 computation for the years ending December 31:



	2019			2018			2017
Weighted average common shares issued	113,914,902			113,914,902			111,809,880
Average treasury shares	(15,447,299		)	(14,747,687		)	(16,463,079		)
Average deferred compensation shares	(37,496		)	(37,411		)	(37,411		)
Average unearned nonvested shares	(112,320		)	(93,641		)	(89,334		)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	98,317,787			99,036,163			95,220,056
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share	231,957			149,939			73,570
Additional common stock equivalents (deferred compensation) used to calculated diluted earnings per share	38,420			37,411			37,411
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share	98,588,164			99,223,513			95,331,037
Basic Earnings Per Share	$	1.07		$	1.09		$	0.58
Diluted Earnings Per Share	$	1.07		$	1.08		$	0.58

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



	12/31/2019					12/31/2018					12/31/2017
		Price Range					Price Range					Price Range
	Shares	From		To		Shares	From		To		Shares	From		To
Restricted Stock	81,730	$	12.99	$	15.44	71,560	$	8.84	$	14.49	18,173	$	8.55	$	13.96
Restricted Stock Units	26,217	$	16.62	$	16.62	—	$	—	$	—	—	$	—	$	—