Earnings per Share

3 Months Ended

Mar. 31, 2021

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,
		2021		2020
Weighted average common shares issued		113,914,902		113,914,902
Average treasury stock shares		(17,718,410)		(15,672,850)
Average deferred compensation shares		(55,544)		(38,453)
Average unearned nonvested shares		(114,082)		(79,972)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share		96,026,866		98,123,627
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share		151,200		196,441
Additional common stock equivalents (deferred compensation) used to calculate diluted earnings per share		55,581		41,426

Weighted average common shares and common stock equivalents used to calculate diluted earnings per share		96,233,647		98,361,494
Basic Earnings per Share		$	0.41	$	0.05
Diluted Earnings per Share		$	0.41	$	0.05

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.


	2021					2020
		Price Range					Price Range
	Shares	From		To		Shares	From		To

Restricted Stock	79,497	$	13.72	$	14.22	75,208	$	13.82	$	15.44
Restricted Stock Units	16,730	$	16.41	$	16.41	42,509	$	13.72	$	15.37