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Earnings Per Share
 9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share
(2) Earnings Per Share

The Company computes earnings per share in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 260, Earnings Per Share (“ASC 260”).  

A reconciliation of the component parts of earnings per share for the three and nine months ended September 30, 2020 and 2019 is as follows:

(in thousands, except per share data)
  
For the three months ended
September 30,
    
For the nine months ended
September 30,
  
   
2020
    
2019
    
2020
    
2019
  
                         
Net income
  
$
14,071
      
14,708
    
$
38,638
      
43,933
  
Weighted average common shares
    
96,433
      
96,907
      
96,531
      
96,825
  
Stock Options
    
4
      
70
      
14
      
72
  
Weighted average common shares including potential dilutive shares
    
96,437
      
96,977
      
96,545
      
96,897
  
                                 
Basic EPS
  
$
0.146
      
0.152
    
$
0.400
      
0.454
  
                                 
Diluted EPS
  
$
0.146
      
0.152
    
$
0.400
      
0.453
  

For the three and nine months ended September 30, 2020 and 2019 the weighted average antidilutive stock options excluded from dilutive earnings were approximately 452 thousand and -0-, respectively. The stock options are antidilutive because the strike price is greater than the average fair value of the Company’s common stock for the periods presented.