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NET EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2022
NET EARNINGS PER SHARE  
NET EARNINGS PER SHARE

5 – EARNINGS PER SHARE

The computation of basic earnings per share is based on the weighted-average number of common shares outstanding during the reporting period. The computation of diluted earnings per share assumes the vesting of nonvested stock awards and the exercise of stock options (refer to Note 14 — Stock-Based Compensation), for which the assumed proceeds upon vesting are deemed to be the amount of compensation cost attributable to future services and are not yet recognized using the treasury stock method, to the extent dilutive.

The components of the denominator for the calculation of basic and diluted earnings per share are as follows:

For the Three Months Ended

For the Six Months Ended

June 30, 

June 30, 

2022

    

2021

    

2022

    

2021

 

Common shares outstanding, basic:

Weighted-average common shares outstanding, basic

42,385,423

 

42,071,019

42,276,371

 

42,022,669

Common shares outstanding, diluted:

Weighted-average common shares outstanding, basic

42,385,423

 

42,071,019

42,276,371

 

42,022,669

Dilutive effect of stock options

415,578

340,072

427,995

214,413

Dilutive effect of restricted stock units

195,675

 

201,041

228,004

 

208,102

Weighted-average common shares outstanding, diluted

42,996,676

 

42,612,132

42,932,370

 

42,445,184