Earnings per Share (Tables)

9 Months Ended

Sep. 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 September 30,				For the Nine Months Ended September 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	(15,821,469)		(15,496,941)		(15,761,114)		(15,396,215)
Average deferred compensation shares	(45,454)		(37,411)		(41,790)		(37,411)
Average unearned nonvested shares	(130,883)		(113,321)		(121,249)		(117,737)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	97,917,096		98,267,229		97,990,749		98,363,539
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share	197,545		243,258		188,255		214,837
Additional common stock equivalents (deferred compensation) used to calculate diluted earnings per share	45,502		37,411		45,502		37,411

Weighted average common shares and common stock equivalents used to calculate diluted earnings per share	98,160,143		98,547,898		98,224,506		98,615,787
Per Share Data: Basic Earnings per Share	$	0.20	$	0.27	$	0.49	$	0.80
Diluted Earnings per Share	$	0.20	$	0.27	$	0.49	$	0.80

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.


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

Restricted Stock	110,068	$	13.72	$	15.44	95,054	$	12.99	$	15.44
Restricted Stock Units	102,844	$	12.43	$	15.37	24,782	$	16.62	$	16.62