Earnings Per Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share

Earnings Per Share

9. Earnings Per Share

The following table sets out earnings per share of common stock:

	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
	(in thousands, except shares and per share data)				(in thousands, except shares and per share data)
Net income	$	14,589	$	12,340	$	29,126	$	28,970
Weighted average common shares outstanding:
Basic		25,211,924		25,479,561		25,283,222		25,515,893
Common Share equivalents		534,856		625,319		534,220		665,313
Diluted		25,746,780		26,104,880		25,817,442		26,181,206
Earnings per share:
Basic	$	0.58	$	0.48	$	1.15	$	1.14
Diluted	$	0.57	$	0.47	$	1.13	$	1.11

Common share equivalents relate primarily to outstanding stock options, RSUs and PSUs under the 2019 Plan and unpurchased shares under the 2019 ESPP and are calculated using the treasury stock method.