Dividends and Earnings Per Share (Tables)

9 Months Ended

Sep. 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
August 3, 2022	September 30, 2022	October 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 nine months ended September 30, 2022 and 2021 (in thousands, except per share amounts).

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator:
Net income	$	43,040	$	44,056	$	91,520	$	86,199
Denominator:
Weighted average shares for computation of basic earnings per share:		53,181		53,769		53,228		52,354
Dilutive effect of shares issued to independent directors		3		3		4		4
Dilutive effect of Restricted Stock Units ("RSUs")		564		595		546		529
Weighted average shares for computation of diluted earnings per share		53,748		54,367		53,778		52,887
Earnings per share:
Basic	$	0.81	$	0.82	$	1.72	$	1.65
Diluted	$	0.80	$	0.81	$	1.70	$	1.63