Basic and Diluted Net Income Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Reconciliation of Earnings per Share and Shares in Computation of Earnings Per Share

In the following table, we present a reconciliation of earnings per share and the shares used in the computation of earnings per share for the three and nine months ended September 30, 2022 and 2021 (in thousands, except per share data):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2022		2021			2022			2021
	(in thousands, except per share data)					(in thousands, except per share data)
Net income	$	29,674	$	36,654		$	91,091		$	89,890
Earnings per share:
Basic	$	0.47	$	0.58		$	1.45		$	1.42
Effect of CESs		-		(0.01	)		(0.02	)		(0.02	)
Diluted	$	0.47	$	0.57		$	1.43		$	1.40
Weighted average number of shares:
Basic		62,592		63,363			62,917			63,514
Effect of CESs		573		875			566			825
Diluted		63,165		64,238			63,483			64,339