Earnings per Share

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Earnings per Share

6. Earnings per Share.

The following details the computations of the Basic and Diluted Earnings Per Common Share (in thousands, except per share amounts):

	Years Ended December 31
	2021		2020		2019
Common shares:
Weighted average common shares outstanding during the period – shares used for basic earnings per common share		9,355		9,580		9,883
Common shares issuable under share based payments plans which are potentially dilutive		42		29		43
Common shares used for diluted earnings per common share		9,397		9,609		9,926

Income from continuing operations	$	40,094	11,722	8,822
Discontinued operations	$	—	—	6,856
Net income attributable to the Company	$	28,215	12,715	16,177
Basic earnings per common share:
Income from continuing operations	$	4.29	1.22	0.89
Discontinued operations	$	—	—	0.69
Net income attributable to the Company	$	3.02	1.33	1.64
Diluted earnings per common share:
Income from continuing operations	$	4.27	1.22	0.89
Discontinued operations	$	—	—	0.69
Net income attributable to the Company	$	3.00	1.32	1.63

For 2021 and 2020, 6,680 and 53,545 shares, respectively, attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

During 2021 the Company repurchased 6,004 shares at an average cost of $43.95. During 2020 the Company repurchased 510,145 shares at an average cost of $41.78. During 2019 the Company repurchased 169,251 shares at an average cost of $48.51.