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Earnings Per Share
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Earnings Per Share

10. Earnings Per Share

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

 

 

Three Months Ended March 31,

 

 

2021

 

 

2020

 

 

(In thousands, except per share amounts)

 

Basic weighted average shares outstanding

 

37,470

 

 

 

37,303

 

Dilutive effect of stock options and restricted stock

 

685

 

 

 

772

 

Diluted weighted average shares outstanding

 

38,155

 

 

 

38,075

 

 

 

 

 

 

 

 

 

Basic earnings per share

$

2.15

 

 

$

2.01

 

Diluted earnings per share

 

2.11

 

 

 

1.96

 

 

Stock options and restricted stock totaling 61,089 shares and 62,964 shares for the three months ended March 31, 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.