Basic and Diluted Net Income Per Share (Tables)

6 Months Ended

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(in thousands, except per share data)				(in thousands, except per share data)
Net income	$	30,825	$	30,593	$	61,417	$	53,236
Earnings per share:
Basic	$	0.49	$	0.48	$	0.97	$	0.84
Effect of CESs		-	-			-		(0.01	)
Diluted	$	0.49	$	0.48	$	0.97	$	0.83
Weighted average number of shares:
Basic		62,954		63,537		63,083		63,591
Effect of CESs		465		739		561		780
Diluted		63,419		64,276		63,644		64,371