Earnings per Share

12 Months Ended

Dec. 31, 2023

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:


	2023		2022		2021
Weighted average common shares issued	122,780,523		113,914,902		113,914,902
Average treasury shares	(21,004,846)		(20,089,722)		(18,140,857)

Average deferred compensation shares	(56,206)		(55,734)		(55,590)
Average unearned nonvested shares	(163,044)		(157,403)		(134,565)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	101,556,427		93,612,043		95,583,890
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share	208,819		219,584		200,712
Additional common stock equivalents (deferred compensation) used to calculated diluted earnings per share	56,955		55,820		55,683

Weighted average common shares and common stock equivalents used to calculate diluted earnings per share	101,822,201		93,887,447		95,840,285
Per Share Data
Basic Earnings Per Share	$	1.55	$	1.37	$	1.45
Diluted Earnings Per Share	$	1.54	$	1.37	$	1.44

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.


	2023					2022					2021
		Price Range					Price Range					Price Range
	Shares	From		To		Shares	From		To		Shares	From		To

Restricted Stock	114,177	$	12.70	$	16.43	128,860	$	12.77	$	16.43	99,344	$	12.77	$	15.96
Restricted Stock Units	34,305	$	17.53	$	17.53	25,983	$	21.08	$	21.08	—	$	—	$	—