Earnings per Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,						For the Six Months Ended June 30,
	2020		2019		2020		2019
Weighted average common shares issued	113,914,902		113,914,902		113,914,902		113,914,902
Average treasury stock shares	(15,788,359)		(15,398,192)		(15,730,604)		(15,345,018)
Average deferred compensation shares	(41,426)		(37,411)		(39,939)		(37,411)
Average unearned nonvested shares	(152,784)		(132,625)		(116,379)		(119,981)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	97,932,333		98,346,674		98,027,980		98,412,492
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share	173,095		216,524		185,023		201,907
Additional common stock equivalents (deferred compensation) used to calculate diluted earnings per share	41,426		37,411		41,426		37,411

Weighted average common shares and common stock equivalents used to calculate diluted earnings per share	98,146,854		98,600,609		98,254,429		98,651,810
Basic Earnings per Share	$	0.24	$	0.28	$	0.29	$	0.53
Diluted Earnings per Share	$	0.24	$	0.28	$	0.29	$	0.53

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 six months ended June 30 because to do so would have been antidilutive.


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

Restricted Stock	122,066	$	13.72	$	15.44	106,631	$	10.02	$	14.49
Restricted Stock Units	91,240	$	12.43	$	15.37	21,888	$	16.62	$	16.62