Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the calculation of basic and diluted earnings per share for the three and six months ended June 30, 2022 and 2021:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except share and per share amounts)	2022		2021		2022		2021
Basic net income per share:
Net income	$	58,002	$	24,359	$	91,513	$	60,865
Weighted-average common shares outstanding during the period	34,250,706		33,622,666		34,205,593		33,367,734
Basic net income per share	$	1.69	$	0.72	$	2.68	$	1.82

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except share and per share amounts)	2022		2021		2022		2021
Diluted net income per share:
Net income	$	58,002	$	24,359	$	91,513	$	60,865
Basic shares outstanding during the period	34,250,706		33,622,666		34,205,593		33,367,734
Plus: Common stock equivalents associated with stock option awards	1,887,283		3,064,364		2,842,494		1,984,711
Diluted shares outstanding	36,137,989		36,687,030		37,048,087		35,352,445
Diluted net income per share	$	1.61	$	0.66	$	2.47	$	1.72