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Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the calculation of basic earnings per share and diluted earnings per share for the three months ended March 31, 2021 and 2020 (in thousands, except share and per share amounts):
Three Months Ended
March 31,
20212020
Basic net income per share:
Net income$36,506 $28,102 
Weighted-average common shares outstanding during the period33,108,422 32,578,286 
Basic net income per share$1.10 $0.86 
Three Months Ended
March 31,
20212020
Diluted net income per share:
Net income$36,506 $28,102 
Basic shares outstanding during the period33,108,422 32,578,286 
Plus: Common stock equivalents associated with stock option awards905,058 2,448,240 
Diluted shares outstanding34,013,480 35,026,526 
Diluted net income per share$1.07 $0.80