NET INCOME PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2022 and 2021 (in thousands, except share and per share data):

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Numerator:
Net income	$	41,502		$	40,541		$	91,472		$	92,228
Adjustment for Basic EPS:
Earnings allocated to unvested shareholders		(235	)		(247	)		(557	)		(602	)
Adjusted net income	$	41,267		$	40,294		$	90,915		$	91,626
Denominator:
Weighted average common shares outstanding – Basic		47,393,830			47,299,627			47,381,864			47,284,773
Effect of dilutive shares:
Common stock equivalents arising from stock options and ESPP		894			204			1,085			369
Restricted stock awards and units and performance units		63,168			57,033			68,405			62,454
Weighted average common shares outstanding – Diluted		47,457,892			47,356,864			47,451,354			47,347,596
Net income per common share:
Basic	$	0.87		$	0.85		$	1.92		$	1.94
Diluted	$	0.87		$	0.85		$	1.92		$	1.94