Earnings Per Share

6 Months Ended

Jun. 30, 2021

Earnings Per Share[Abstract]

Earnings Per Share

4.    Earnings per Share

Earnings per share (“EPS”) are computed using the weighted average number of shares of capital stock outstanding. Earnings and diluted earnings per share are computed as follows (in thousands, except per share data):

			Net Income
For the Three Months Ended June 30,		Income		Shares	Earnings per Share
2021
	Earnings	$	56,522	15,829	$	3.57
	Dilutive stock options		-	235
	Nonvested stock awards		-	37
	Diluted earnings	$	56,522	16,101	$	3.51
2020
	Earnings	$	82,101	15,914	$	5.16
	Dilutive stock options		-	383
	Nonvested stock awards		-	76
	Diluted earnings	$	82,101	16,373	$	5.01

‎

			Net Income
For the Six Months Ended June 30,		Income		Shares	Earnings per Share
2021
	Earnings	$	121,922	15,919	$	7.66
	Dilutive stock options		-	242
	Nonvested stock awards		-	44
	Diluted earnings	$	121,922	16,205	$	7.52
2020
	Earnings	$	137,992	15,953	$	8.65
	Dilutive stock options		-	415
	Nonvested stock awards		-	77
	Diluted earnings	$	137,992	16,445	$	8.39

For the three and six months ended June 30, 2021, there were 235,000 and 242,000, respectively, stock options were excluded from the computation of dilutive earnings per share because they would have been anti-dilutive.

For the three and six months ended June 30, 2020, there were 285,000 stock options excluded from the computation of dilutive earnings per share because they would have been anti-dilutive.