Earnings per Share

3 Months Ended

Mar. 31, 2022

The following table summarizes the calculation of weighted average common shares outstanding used in the computation of diluted earnings (loss) per share:


	Earnings		Weighted Average Shares		Earnings Per Share

	(In thousands, except per share amounts)


















Three Months Ended March 31, 2022
Basic earnings per share	$	34,724	36,635		$	0.95
Effect of dilutive securities
Restricted stock units	—		281
Restricted stock awards	—		50
Performance share units (1)	—		—
Stock options	—		53
Warrants	—		—
Diluted earnings per share (2)	$	34,724	37,019		$	0.94
Three Months Ended March 31, 2021
Basic earnings per share	$	35,043	36,156	(3)	$	0.97
Effect of dilutive securities
Restricted stock units	—		1,166
Restricted stock awards			88
Performance share units (1)	—		—
Stock options	—		29
Warrants	—		—
Diluted earnings per share (2)	$	35,043	37,439		$	0.94

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(1)The performance share unit awards are contingently issuable and are considered in the calculation of diluted earnings per share. The Company assesses the number of awards that would be issuable, if any, under the terms of the agreement if the end of the reporting period were the end of the contingency period.

(2)The incremental shares of potentially dilutive restricted stock units, restricted stock awards and stock options were included for the three-month periods ended March 31, 2022 and 2021 as their effect was dilutive under the treasury stock method.

(3)Includes 0.2 million of performance share units that are no longer contingently issuable.