WEIGHTED AVERAGE SHARES OUTSTANDING

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

WEIGHTED AVERAGE SHARES OUTSTANDING

NOTE 9 – WEIGHTED AVERAGE SHARES OUTSTANDING

Earnings per share have been computed based on the following weighted average number of common shares outstanding: 

	Three Months Ended June 30,		Six Months Ended June 30,
(share data in thousands)	2020	2019	2020	2019
Average common shares outstanding	69,192	47,311	69,235	47,354
Common share equivalents:
Stock options	9	—	33	—
Nonvested restricted share grants	75	27	130	41
Performance share units	17	—	15	—
Average common shares outstanding, assuming dilution	69,293	47,338	69,413	47,395

For the three and six-month periods ended June 30, 2020, there were outstanding 252,765 and 56,000 options exerciseable for common shares, respectively, with strike prices that would cause the underlying shares to be anti-dilutive. Therefore, such option shares have been excluded. For the three and six-month periods ended June 30, 2019, there were no outstanding options exerciseable for common shares with strike prices that would cause the underlying shares to be anti-dilutive.