Dividends and Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Dividends and Earnings Per Share

Schedule of cash dividends paid or declared

We paid cash dividends during 2022 and 2021 as follows:

Declaration Date	Record Date	Date Paid	Amount Per Share
February 19, 2021	March 31, 2021	April 15, 2021	$	0.06
May 4, 2021	June 30, 2021	July 15, 2021		0.06
August 3, 2021	September 30, 2021	October 15, 2021		0.06
November 3, 2021	December 31, 2021	January 14, 2022		0.06
February 24, 2022	March 31, 2022	April 15, 2022		0.06
May 4, 2022	June 30, 2022	July 15, 2022		0.06

Schedule of computation of basic and diluted earnings per share

The table below presents the computation of basic and diluted earnings per share for the three and six months ended June 30, 2022 and 2021 (in thousands, except per share amounts).

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Numerator:
Net income	$	50,154	$	36,295	$	48,480	$	42,143
Denominator:
Weighted average shares for computation of basic earnings per share:		53,263		53,729		53,251		51,634
Dilutive effect of shares issued to independent directors		3		2		5		4
Dilutive effect of Restricted Stock Units ("RSUs")		586		554		559		499
Weighted average shares for computation of diluted earnings per share		53,852		54,285		53,815		52,137
Earnings per share:
Basic	$	0.94	$	0.68	$	0.91	$	0.82
Diluted	$	0.93	$	0.67	$	0.90	$	0.81