Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2022

The following table summarizes the calculation of weighted average common shares outstanding used in the computation of diluted earnings (loss) per share:


	Earnings		Weighted Average Shares	Earnings Per Share

	(In thousands, except per share amounts)
Three Months Ended June 30, 2022
Basic earnings per share	$	48,492	36,699	$	1.32
Effect of dilutive securities
Restricted stock units	—		339
Restricted stock awards	—		34
Performance share units (1)	—		—
Stock options	—		113

Diluted earnings per share (2)	$	48,492	37,185	$	1.30
Three Months Ended June 30, 2021
Basic earnings per share	$	16,252	36,416	$	0.45
Effect of dilutive securities
Restricted stock units	—		855
Restricted stock awards	—		36
Performance share units (1)	—		—
Stock options	—		38

Diluted earnings per share (2)	$	16,252	37,345	$	0.44
Six Months Ended June 30, 2022
Basic earnings per share	$	83,216	36,667	$	2.27
Effect of dilutive securities
Restricted stock units	—		323
Restricted stock awards	—		42
Performance share units (1)	—		—
Stock options	—		75

Diluted earnings per share (2)	$	83,216	37,107	$	2.24
Six Months Ended June 30, 2021
Basic earnings per share	$	51,295	36,187	$	1.42
Effect of dilutive securities
Restricted stock units	—		1,019
Restricted stock awards			39
Performance share units (1)	—		—
Stock options	—		38

Diluted earnings per share (2)	$	51,295	37,283	$	1.38

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(1)The performance share unit awards are contingently issuable and are considered in the calculation of diluted earnings per share. The Company assesses the number of awards that would be issuable, if any, under the terms of the agreement if the end of the reporting period were the end of the contingency period.

(2)The incremental shares of potentially dilutive restricted stock units, restricted stock awards and stock options were included for the three and six month periods ended June 30, 2022 and 2021 as their effect was dilutive under the treasury stock method.