EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2022

EARNINGS PER SHARE

NET EARNINGS PER SHARE

5 – EARNINGS PER SHARE

The computation of basic earnings per share is based on the weighted-average number of common shares outstanding during the reporting period. The computation of diluted earnings per share assumes the vesting of nonvested stock awards and the exercise of stock options (refer to Note 14 — Stock-Based Compensation), for which the assumed proceeds upon vesting are deemed to be the amount of compensation cost attributable to future services and are not yet recognized using the treasury stock method, to the extent dilutive.

The components of the denominator for the calculation of basic and diluted earnings per share are as follows:

	For the Three Months Ended		For the Nine Months Ended
	September 30,		September 30,
	2022	2021	2022	2021
Common shares outstanding, basic:
Weighted-average common shares outstanding, basic	42,529,865	42,095,211	42,361,797	42,047,115
Common shares outstanding, diluted:
Weighted-average common shares outstanding, basic	42,529,865	42,095,211	42,361,797	42,047,115
Dilutive effect of stock options	223,998	442,617	359,249	291,317
Dilutive effect of restricted stock units	127,678	213,008	194,194	209,755
Weighted-average common shares outstanding, diluted	42,881,541	42,750,836	42,915,240	42,548,187