Earnings per Share

3 Months Ended

Mar. 31, 2022

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,
		2022		2021
Weighted average common shares issued		113,914,902		113,914,902
Average treasury stock shares		(19,654,309)		(17,718,410)
Average deferred compensation shares		(55,684)		(55,544)
Average unearned nonvested shares		(126,210)		(114,082)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share		94,078,699		96,026,866
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share		176,913		151,200
Additional common stock equivalents (deferred compensation) used to calculate diluted earnings per share		55,712		55,581

Weighted average common shares and common stock equivalents used to calculate diluted earnings per share		94,311,324		96,233,647
Basic Earnings per Share		$	0.29	$	0.41
Diluted Earnings per Share		$	0.29	$	0.41

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.


	2022					2021
		Price Range					Price Range
	Shares	From		To		Shares	From		To

Restricted Stock	23,621	$	15.81	$	16.25	79,497	$	13.72	$	14.22
Restricted Stock Units	12,793	$	21.08	$	21.08	16,730	$	16.41	$	16.41