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Net Income Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Net Income Per Common Share

The reconciliation of basic and diluted net income per common share for the three month periods ended March 31, 2022 and 2021 was as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Net income

 

 

 

 

 

 

 

 

Basic and diluted

 

$

88,897

 

 

$

5,933

 

 

 

 

 

 

 

 

 

 

Net income per common share

 

 

 

 

 

 

 

 

Basic

 

$

1.35

 

 

$

0.09

 

Diluted

 

$

1.34

 

 

$

0.09

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding:

 

 

 

 

 

 

 

 

Basic (a)

 

 

66,034,772

 

 

 

65,857,409

 

Effect of dilutive instruments:

 

 

 

 

 

 

 

 

PSUs

 

 

357,712

 

 

 

285,369

 

Restricted shares

 

 

32,663

 

 

 

56,103

 

Diluted

 

 

66,425,147

 

 

 

66,198,881

 

(a)

For the three month period ended March 31, 2022, the weighted average number of common shares outstanding excludes 49,195 restricted shares which have been issued, but have not vested as of March 31, 2022 (2021 – 68,140 restricted shares).