NET INCOME PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2021

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, 2021 and 2020 (in thousands, except share and per share data):

	Three Months Ended March 31,
	2021			2020
Numerator:
Net income	$	51,687		$	38,155
Adjustment for Basic EPS:
Earnings allocated to unvested shareholders		(358	)		(339	)
Adjusted net income	$	51,329		$	37,816
Denominator:
Weighted average common shares outstanding – Basic		47,267,921			47,093,033
Effect of dilutive shares:
Common stock equivalents arising from stock options and ESPP		165			441
Restricted stock awards and units and performance units		61,618			29,355
Weighted average common shares outstanding – Diluted		47,329,704			47,122,829
Net income per common share:
Basic	$	1.09		$	0.80
Diluted	$	1.08		$	0.80