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Earnings Per Share

3 Months Ended

Mar. 31, 2023

The calculation of basic earnings per share is based on the weighted average number of common shares considered outstanding during the periods. The calculation of diluted earnings per share reflects the effect of all potentially dilutive securities (principally outstanding stock options and restricted stock grants). The number of weighted average shares used in the calculation of basic earnings per share and diluted earnings per share was as follows:


	Three Months Ended March 31,
	2023	2022
	(In thousands)
Weighted average shares:
Basic shares	230,126	231,481
Equity-based compensation plans	1,103	1,584
Diluted shares	231,229	233,065