NET INCOME PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

The following table is a reconciliation of net income and the shares used in calculating basic and diluted net income per common share for the three months ended March 31, 2022 and 2021 (in thousands, except share and per share data):

	March 31,
	2022			2021
Numerator:
Net income	$	49,970		$	51,687
Adjustment for Basic EPS:
Earnings allocated to unvested shareholders		(325	)		(358	)
Adjusted net income	$	49,645		$	51,329
Denominator:
Weighted average common shares outstanding – Basic		47,369,764			47,267,921
Effect of dilutive shares:
Common stock equivalents arising from stock options and ESPP		191			165
Restricted stock awards and units and performance units		70,326			61,618
Weighted average common shares outstanding – Diluted		47,440,281			47,329,704
Net income per common share:
Basic	$	1.05		$	1.09
Diluted	$	1.05		$	1.08