Earnings per Share

12 Months Ended

Dec. 31, 2022

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:


	2022		2021		2020
Weighted average common shares issued	113,914,902		113,914,902		113,914,902
Average treasury shares	(20,089,722)		(18,140,857)		(16,254,304)

Average deferred compensation shares	(55,734)		(55,590)		(42,751)
Average unearned nonvested shares	(157,403)		(134,565)		(118,261)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	93,612,043		95,583,890		97,499,586
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share	219,584		200,712		203,836
Additional common stock equivalents (deferred compensation) used to calculated diluted earnings per share	55,820		55,683		55,543

Weighted average common shares and common stock equivalents used to calculate diluted earnings per share	93,887,447		95,840,285		97,758,965
Per Share Data
Basic Earnings Per Share	$	1.37	$	1.45	$	0.75
Diluted Earnings Per Share	$	1.37	$	1.44	$	0.75

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.


	2022					2021					2020
		Price Range					Price Range					Price Range
	Shares	From		To		Shares	From		To		Shares	From		To

Restricted Stock	128,860	$	12.77	$	16.43	99,344	$	12.77	$	15.96	92,499	$	13.72	$	15.44
Restricted Stock Units	25,983	$	21.08	$	21.08	—	$	—	$	—	106,931	$	12.43	$	15.37