WEIGHTED AVERAGE SHARES OUTSTANDING

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

WEIGHTED AVERAGE SHARES OUTSTANDING

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 September 30,		Nine Months Ended September 30,
(share data in thousands)	2021	2020	2021	2020
Average common shares outstanding	69,440	69,231	69,445	69,243
Common share equivalents:
Stock options	49	5	65	22
Nonvested restricted share grants	142	85	143	122
Performance stock units	125	25	119	16
Average common shares outstanding, assuming dilution	69,756	69,346	69,772	69,403

For the three and nine-month periods ended September 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 nine-month periods ended September 30, 2020, there were outstanding 252,765 and 253,765 options exerciseable for common shares, respectively, with strike prices that would cause the underlying shares to be anti-dilutive.