Earnings Per Share

3 Months Ended

Mar. 31, 2021

(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 months ended March 31, 2021 and 2020 is as follows:

(in thousands, except per share data)	For the three months ended March 31,
	2021		2020
Net income	$	14,083	$	13,313
Weighted average common shares		96,435		96,727
Stock Options		31		22
Weighted average common shares including potential dilutive shares		96,466		96,749

Basic EPS	$	0.146	$	0.138

Diluted EPS	$	0.146	$	0.138

For the three months, ended March 31, 2021 and 2020 the weighted average anti-dilutive stock options excluded from diluted earnings per share were approximately 302 thousand and 452 thousand, 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.