WEIGHTED AVERAGE SHARES OUTSTANDING

6 Months Ended

Jun. 30, 2021

NOTE 7 – 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)	2021	2020	2021	2020
Average common shares outstanding	69,497	69,192	69,448	69,235
Common share equivalents:
Stock options	64	9	74	33
Nonvested restricted share grants	151	75	153	130
Performance stock units	80	17	90	15
Average common shares outstanding, assuming dilution	69,792	69,293	69,765	69,413

For the three and six-month periods ended June 30, 2021, there were no outstanding options exerciseable for common shares with strike prices that would cause the underlying shares to be anti-dilutive. 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.