Common and Common Equivalent Shares

3 Months Ended

Mar. 31, 2021

8.	Common an d Common Equivalent Shares:

Basic net income per common share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per common share is calculated by dividing net income by the weighted average number of common and potential common shares outstanding during the period. Potential common shares consist of outstanding restricted stock, deferred stock and stock options and is calculated using the treasury stock method

The calculation of shares used in the basic and diluted net income per common share calculation for the three months ended March 31, 2021 and 2020 is as follows (in thousands):


	Three Months Ended March 31,
	2021		2020
Weighted average number of common shares outstanding		84,526		82,799
Weighted average number of dilutive common share equivalents		965		—

Weighted average number of common and common equivalent shares outstanding (a)		85,491		82,799

Antidilutive securities not included in the diluted net income per common share calculation		18		849

(a)	Due to a loss from continuing operations for the three months ended March 31, 2020, no incremental shares are included because the effect would be antidilutive.