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Earnings per Share

3 Months Ended

Mar. 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):

	Three Months ended
	March 31,
	2021				2020
Weighted average common shares outstanding
during the period – shares used for basic
earnings per common share		9,341				9,803

Common shares issuable under share based
payment plans which are potentially dilutive		35				30

Common shares used for diluted
earnings per common share		9,376				9,833

Net income attributable to the Company	$	28,373				1,618

Earnings per common share:
-basic	$	3.04				0.17
-diluted	$	3.03				0.16

For the three months ended March 31, 2021, 19,950 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For the three months ended March 31, 2020, 29,925 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

During the first three months of 2021 the Company repurchased 6,004 shares at an average cost of $43.95. During the first three months of 2020 the Company repurchased 82,491 shares at an average cost of $41.47.