Earnings per Share

6 Months Ended

Jun. 30, 2023

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 June 30,				For the Six Months Ended June 30,
	2023		2022		2023		2022
Weighted average common shares issued	123,603,380		113,914,902		121,944,027		113,914,902
Average treasury stock shares	(20,824,677)		(19,666,599)		(20,659,899)		(19,660,488)
Average deferred compensation shares	(55,859)		(55,713)		(55,840)		(55,698)
Average unearned non-vested shares	(192,792)		(172,350)		(171,856)		(149,408)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	102,530,052		94,020,240		101,056,432		94,049,308
Additional common stock equivalents (non-vested stock) used to calculate diluted earnings per share	173,818		169,779		169,071		168,749
Additional common stock equivalents (deferred compensation) used to calculate diluted earnings per share	56,396		55,751		56,396		55,751

Weighted average common shares and common stock equivalents used to calculate diluted earnings per share	102,760,266		94,245,770		101,281,899		94,273,808
Per Share Data:
Basic Earnings per Share	$	0.42	$	0.33	$	0.72	$	0.62
Diluted Earnings per Share	$	0.42	$	0.33	$	0.72	$	0.62

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 six months ended June 30, because to do so would have been antidilutive.


	2023					2022
		Price Range					Price Range
	Shares	From		To		Shares	From		To

Restricted Stock	139,684	$	12.77	$	16.43	117,684	$	13.72	$	16.43
Restricted Stock Units	28,769	$	17.53	$	17.53	64,785	$	16.56	$	21.08