EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2022

Earnings Per Share

Earnings Per Share

Note 3-Earnings Per Share

Basic earnings per common share is computed using the weighted average number of shares outstanding. Diluted earnings per share is computed using the weighted average number of shares outstanding adjusted for the incremental shares attributable to non-vested stock units and stock options outstanding, if dilutive.

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended March 31 ,
	2022		2021
Numerator:
Net income	$	21,792	$	10,184
Denominator:
Denominator for basic earnings per share		26,255		26,172
Dilutive effect of employee stock awards		150		188
Denominator for diluted earnings per share		26,405		26,360
Earnings per share:
Basic	$	0.83	$	0.39
Diluted	$	0.83	$	0.39

For the three months ended March 31, 2022 and 2021, the Company had no outstanding non-vested stock units that were excluded from the computation of diluted earnings per share because including them would have had an anti-dilutive effect.