Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2020

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 March 31,
	2020		2019
Weighted average common shares issued	113,914,902		113,914,902
Average treasury stock shares	(15,672,850)		(15,291,253)
Average deferred compensation shares	(38,453)		(37,411)
Average unearned nonvested shares	(79,972)		(107,197)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	98,123,627		98,479,041
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share	196,441		190,375
Additional common stock equivalents (deferred compensation) used to calculate diluted earnings per share	41,426		37,411

Weighted average common shares and common stock equivalents used to calculate diluted earnings per share	98,361,494		98,706,827
Basic Earnings per Share	$	0.05	$	0.25
Diluted Earnings per Share	$	0.05	$	0.25

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 three months ended March 31 because to do so would have been antidilutive.


	2020								2019
		Price Range							Price Range
	Shares	From		To		Shares	From		To

Restricted Stock	75,208	$	13.82	$	15.44	95,403	$	12.99	$	14.49
Restricted Stock Units	42,509	$	13.72	$	15.37	39,618	$	14.22	$	16.62