Common and Common Equivalent Shares

3 Months Ended

Mar. 31, 2022

9. Common and 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 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, 2022 and 2021 is as follows (in thousands):


	Three Months Ended March 31,
	2022		2021
Weighted average number of common shares outstanding		85,405		84,526
Weighted average number of dilutive common share equivalents		-		965
Weighted average number of common and common equivalent shares outstanding (a)		85,405		85,491
Antidilutive securities not included in the diluted net income per common share calculation		248		18

(a)

Due to a loss from continuing operations for the three months ended March 31, 2022, no incremental shares are included because the effect would be antidilutive.