Earnings per Share

6 Months Ended

Jun. 30, 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 June 30,				For the Six Months Ended June 30,
	2021		2020		2021		2020
Weighted average common shares issued	113,914,902		113,914,902		113,914,902		113,914,902
Average treasury stock shares	(17,695,829)		(15,788,359)		(17,707,057)		(15,730,604)
Average deferred compensation shares	(55,582)		(41,426)		(55,563)		(39,939)
Average unearned nonvested shares	(150,663)		(152,784)		(132,474)		(116,379)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	96,012,828		97,932,333		96,019,808		98,027,980
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share	213,982		173,095		180,052		185,023
Additional common stock equivalents (deferred compensation) used to calculate diluted earnings per share	55,615		41,426		55,615		41,426

Weighted average common shares and common stock equivalents used to calculate diluted earnings per share	96,282,425		98,146,854		96,255,475		98,254,429
Basic Earnings per Share	$	0.31	$	0.24	$	0.72	$	0.29
Diluted Earnings per Share	$	0.31	$	0.24	$	0.72	$	0.29

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.


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

Restricted Stock	66,092	$	13.72	$	14.58	122,066	$	13.72	$	15.44
Restricted Stock Units	26,343	$	16.41	$	16.41	91,240	$	12.43	$	15.37