Earnings per Share

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Earnings per Share

(6) Earnings per Share.

The following details the computations of the Basic and Diluted Earnings Per Common Share (in thousands, except per share amounts):

	Three Months ended				Six Months ended
	June 30,				June 30,
	2021		2020		2021		2020
Weighted average common shares outstanding   during the period – shares used for basic   earnings per common share		9,353		9,620		9,347		9,712
Common shares issuable under share based payment plans which are potentially dilutive		37		29		38		32
Common shares used for diluted earnings per common share		9,390		9,649		9,385		9,744
Net income attributable to the Company	$	82		4,149		28,455		5,767
Earnings per common share:
-basic	$	0.01		0.43		3.04		0.59
-diluted	$	0.01		0.43		3.03		0.59

For the three and six months ended June 30, 2021, 6,680 and 19,950 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For the three and six months ended June 30, 2020, 74,065 and 53,545 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

During the first six months of 2021 the Company repurchased 6,004 shares at an average cost of $43.95. During the first six months of 2020 the Company repurchased 298,303 shares at an average cost of $41.41.