Earnings per Share

9 Months Ended

Sep. 30, 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 September 30,				For the Nine Months Ended September 30,
	2022		2021		2022		2021
Weighted average common shares issued	113,914,902		113,914,902		113,914,902		113,914,902
Average treasury stock shares	(20,485,573)		(18,103,611)		(19,938,539)		(17,840,694)
Average deferred compensation shares	(55,751)		(55,615)		(55,716)		(55,581)
Average unearned nonvested shares	(178,724)		(139,255)		(159,287)		(134,759)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	93,194,854		95,616,421		93,761,360		95,883,868
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share	199,620		220,268		177,013		191,119
Additional common stock equivalents (deferred compensation) used to calculate diluted earnings per share	55,785		55,615		55,785		55,615

Weighted average common shares and common stock equivalents used to calculate diluted earnings per share	93,450,259		95,892,304		93,994,158		96,130,602
Basic Earnings per Share	$	0.36	$	0.36	$	0.99	$	1.08
Diluted Earnings per Share	$	0.36	$	0.36	$	0.98	$	1.08

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.


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

Restricted Stock	148,423	$	12.77	$	16.43	111,589	$	12.77	$	14.58
Restricted Stock Units	24,529	$	21.08	$	21.08	29,547	$	16.41	$	16.41