EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2020

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 8. EARNINGS PER SHARE

Basic earnings per common share is net income divided by the weighted average number of common shares outstanding during the period, including shares held in treasury on behalf of participants in the Company’s Directors Fee Deferral Plan and share repurchases. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock based awards and warrants, none of which were antidilutive.

	Three Months Ended March 31,
	2020		2019
Weighted average shares outstanding for basic earnings per common share		25,622,988		25,491,750
Dilutive effect of stock based awards and warrants		112,838		173,760
Weighted average shares outstanding for diluted earnings per common share		25,735,826		25,665,510
Basic earnings per common share	$	0.68	$	0.85
Diluted earnings per common share	$	0.67	$	0.84