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Earnings Per Share
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Earnings Per Share
23.  Earnings Per Share


The following table sets forth the computation of basic and diluted earnings per share:

Year Ended December 31
(in thousands except per share data)
 
2021
   
2020
   
2019
 
Numerator:
                 
Net income
 
$
87,939
   
$
59,504
   
$
64,540
 
                         
Denominator:
                       
Basic earnings per share:
                       
Weighted average shares
   
17,786
     
17,748
     
17,724
 
Diluted earnings per share:
                       
Dilutive effect of equity grants
   
18
     
8
     
16
 
Adjusted weighted average shares
   
17,804
     
17,756
     
17,740
 
                         
Earnings per share:
                       
Basic earnings per share
 
$
4.94
   
$
3.35
   
$
3.64
 
Diluted earnings per share
   
4.94
     
3.35
     
3.64
 


There were no options to purchase common shares that were excluded from the diluted calculations above for the years ended December 31, 2021, 2020, and 2019.  In addition to in-the-money stock options, unvested restricted stock grants were also used in the calculation of diluted earnings per share based on the treasury method.