Earnings per Share

12 Months Ended

Dec. 31, 2020

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:


	2020		2019		2018
Weighted average common shares issued	113,914,902		113,914,902		113,914,902
Average treasury shares	(16,254,304)		(15,447,299)		(14,747,687)

Average deferred compensation shares	(42,751)		(37,496)		(37,411)
Average unearned nonvested shares	(118,261)		(112,320)		(93,641)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	97,499,586		98,317,787		99,036,163
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share	203,836		231,957		149,939
Additional common stock equivalents (deferred compensation) used to calculated diluted earnings per share	55,543		38,420		37,411

Weighted average common shares and common stock equivalents used to calculate diluted earnings per share	97,758,965		98,588,164		99,223,513
Per Share Data
Basic Earnings Per Share	$	0.75	$	1.07	$	1.09
Diluted Earnings Per Share	$	0.75	$	1.07	$	1.08

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.


	12/31/2020					12/31/2019					12/31/2018
		Price Range					Price Range					Price Range
	Shares	From		To		Shares	From		To		Shares	From		To

Restricted Stock	92,499	$	13.72	$	15.44	81,730	$	12.99	$	15.44	71,560	$	8.84	$	14.49
Restricted Stock Units	106,931	$	12.43	$	15.37	26,217	$	16.62	$	16.62	—	$	—	$	—