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Earnings per Share

9 Months Ended

Sep. 30, 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								Nine Months ended
		September 30,								September 30,
		2021				2020				2021				2020
Weighted average common shares outstanding during the period – shares used for basic earnings per common share			9,363				9,517				9,352				9,646

Common shares issuable under share-based payment plans which are potentially dilutive			36				28				38				35

Common shares used for diluted earnings per common share			9,399				9,545				9,390				9,681

Net income attributable to the Company		$	352				5,455				28,807				11,222

Earnings per common share:
-basic		$	0.04				0.57				3.08				1.16
-diluted		$	0.04				0.57				3.07				1.16

For the nine months ended September 30, 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 and nine months ended September 30, 2020, 74,065 and 53,545 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 nine months of 2021 the Company repurchased 6,004 shares at an average cost of $43.95. During the first nine months of 2020 the Company repurchased 379,809 shares at an average cost of $41.30.