WEIGHTED AVERAGE SHARES OUTSTANDING

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

WEIGHTED AVERAGE SHARES OUTSTANDING

NOTE 6 – 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)	2023	2022	2023	2022
Average common shares outstanding	68,990	69,136	69,085	69,246
Common share equivalents:
Stock options	—	16	—	24
Nonvested restricted share grants	—	46	57	97
Performance stock units	45	118	50	118
Average common shares outstanding, assuming dilution	69,035	69,316	69,192	69,485

For the three months ended June 30, 2023, there were 345,576 anti-dilutive nonvested restricted share grants and performance stock units excluded from the computation of earnings per share. For the three months ended June 30, 2022, there were 33,536 anti-dilutive performance stock units excluded from the computation of earnings per share. There were 84,487 anti-dilutive performance stock units excluded from the computation of earnings per share for the six months ended June 30, 2023 There were no anti-dilutive securities excluded from the computation of earnings per share for the six months ended June 30, 2022.