Three Months Ended

March 31,

2021

2020

Numerator:

Numerator for basic and diluted earnings per share – Net income available to common shareholders

$

45,333

$

23,107

Denominator:

Denominator for basic earnings per share – weighted average shares outstanding

55,567

54,727

Effect of dilutive securities–

Employee and director stock options and restricted share awards

2,167

1,262

Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions

57,734

55,989

Basic earnings per common share

$

0.82

$

0.42

Diluted earnings per common share and common share equivalents

$

0.79

$

0.41