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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Earnings Per Share

The following is a reconciliation of net income and the shares of common stock used in the computation of basic and diluted earnings per share:  

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

57,355

 

 

$

52,278

 

 

$

149,285

 

 

$

116,894

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

57,969

 

 

 

57,853

 

 

 

57,992

 

 

 

57,797

 

Dilutive effect of unvested restricted stock

 

 

98

 

 

 

239

 

 

 

194

 

 

 

338

 

Diluted weighted average shares outstanding

 

 

58,067

 

 

 

58,092

 

 

 

58,186

 

 

 

58,135

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.99

 

 

$

0.90

 

 

$

2.57

 

 

$

2.02

 

Diluted

 

$

0.99

 

 

$

0.90

 

 

$

2.57

 

 

$

2.01