Per Share Data

3 Months Ended

Mar. 31, 2020

There are no convertible securities which would affect the denominator in calculating basic and dilutive earnings per share. There were a total of 864,300 stock options, with an average exercise price of $28.20, outstanding on March 31, 2020. A portion of these options were included, on a weighted average basis, in the computation of diluted earnings per share for the period due to the average market price of common shares of $29.57 exceeding the exercise price of the options issued for all years except for 2017. There were a total of 635,550 stock options outstanding for the same period end in 2019 that had an average exercise price of $29.29 and were excluded, on a weighted average basis, in the computation of diluted earnings per share because the quarterly average closing market price of common shares was $26.91 for the period.



	Three Months Ended March 31,
	2020		2019
Weighted average common shares issued	7,520,965		7,517,853
Weighted average treasury stock shares	(480,225	)	(480,225	)
Weighted average common shares outstanding - basic	7,040,740		7,037,628
Dilutive effect of outstanding stock options	62,250		—
Weighted average common shares outstanding - basic and diluted	7,102,990		7,037,628