Earnings Per Share

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following reconciles average shares outstanding for basic and diluted earnings per share for the years ended December 31, 2022, 2021 and 2020 (in thousands):

	December 31,
	2022	2021	2020
Weighted average shares outstanding	59,219	59,873	60,358
Less: Unallocated ESOP shares	(378)	(360)	(426)
Unallocated incentive award shares	(111)	(107)	(13)
Average basic shares outstanding	58,730	59,406	59,919
Add: Effect of dilutive securities:
Incentive awards	148	243	153
Average diluted shares outstanding	58,878	59,649	60,072

For the years ended December 31, 2022, 2021 and 2020, antidilutive stock options of 1,544,000, 1,566,000, and 2,242,000, respectively, were excluded from the earnings per share calculations.