Earnings per Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

The following reconciles shares outstanding for basic and diluted earnings per share for the three and six months ended June 30, 2022 and 2021 (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Weighted average shares outstanding	59,300	60,133	59,302	60,216
Less: Unallocated ESOP shares	(393)	(369)	(408)	(378)
Unallocated incentive award shares	(13)	(63)	(71)	(62)
Average basic shares outstanding	58,894	59,701	58,823	59,776
Add: Effect of dilutive securities:
Incentive awards	101	265	152	264
Average diluted shares outstanding	58,995	59,966	58,975	60,040

For the three and six months ended June 30, 2022, antidilutive stock options of 1,577,000 and 1,573,000, respectively, were excluded from the earnings per share calculation. For the three and six months ended June 30, 2021, antidilutive stock options of 1,589,000 and 1,666,000, respectively, were excluded from the earnings per share calculation.