Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2021

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 computation for the years ending December 31:


	2021		2020		2019
Weighted average common shares issued	113,914,902		113,914,902		113,914,902
Average treasury shares	(18,140,857)		(16,254,304)		(15,447,299)

Average deferred compensation shares	(55,590)		(42,751)		(37,496)
Average unearned nonvested shares	(134,565)		(118,261)		(112,320)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	95,583,890		97,499,586		98,317,787
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share	200,712		203,836		231,957
Additional common stock equivalents (deferred compensation) used to calculated diluted earnings per share	55,683		55,543		38,420

Weighted average common shares and common stock equivalents used to calculate diluted earnings per share	95,840,285		97,758,965		98,588,164
Per Share Data
Basic Earnings Per Share	$	1.45	$	0.75	$	1.07
Diluted Earnings Per Share	$	1.44	$	0.75	$	1.07

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 years ended December 31, because to do so would have been anti-dilutive.


	12/31/2021					12/31/2020					12/31/2019
		Price Range					Price Range					Price Range
	Shares	From		To		Shares	From		To		Shares	From		To

Restricted Stock	99,344	$	12.77	$	15.96	92,499	$	13.72	$	15.44	81,730	$	12.99	$	15.44
Restricted Stock Units	—	$	—	$	—	106,931	$	12.43	$	15.37	26,217	$	16.62	$	16.62