Earnings per Share

9 Months Ended

Sep. 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 September 30,				For the Nine Months Ended September 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	(18,103,611)		(15,821,469)		(17,840,694)		(15,761,114)
Average deferred compensation shares	(55,615)		(45,454)		(55,581)		(41,790)
Average unearned nonvested shares	(139,255)		(130,883)		(134,759)		(121,249)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	95,616,421		97,917,096		95,883,868		97,990,749
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share	220,268		197,545		191,119		188,255
Additional common stock equivalents (deferred compensation) used to calculate diluted earnings per share	55,615		45,502		55,615		45,502

Weighted average common shares and common stock equivalents used to calculate diluted earnings per share	95,892,304		98,160,143		96,130,602		98,224,506
Basic Earnings per Share	$	0.36	$	0.20	$	1.08	$	0.49
Diluted Earnings per Share	$	0.36	$	0.20	$	1.08	$	0.49

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.


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

Restricted Stock	111,589	$	12.77	$	14.58	110,068	$	13.72	$	15.44
Restricted Stock Units	29,547	$	16.41	$	16.41	102,844	$	12.43	$	15.37