Earnings Per Share

9 Months Ended

Sep. 30, 2021

0. Earnings Per Share

The following table sets forth basic and diluted weighted average shares outstanding used to compute earnings per share:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(In thousands, except per share amounts)
Basic weighted average shares outstanding		37,529		37,386		37,502		37,343
Dilutive effect of stock options and restricted stock		555		774		612		786
Diluted weighted average shares outstanding		38,084		38,160		38,114		38,129

Basic earnings per share	$	1.54	$	1.81	$	5.49	$	6.06
Diluted earnings per share		1.52		1.78		5.40		5.94

Stock options and restricted stock totaling 30,037 shares and 753 shares for the three months ended September 30, 2021 and 2020, respectively, and 39,899 and 27,606 shares for the nine months ended September 30, 2021 and 2020, respectively, were excluded from the computation of diluted earnings per share because their effect would have been antidilutive. The computation of diluted shares can vary among periods due, in part, to the change in the average price of the Company’s common stock.