Earnings Per Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share

Earnings Per Share

Note 10 – Earnings Per Share

The earnings per share, both basic and diluted, are as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Basic earnings per share:
Weighted-average common shares outstanding		44,499,395		28,849,015		44,480,326		29,036,354
Net income	$	12,247	$	8,820	$	24,267	$	20,699
Basic earnings per share	$	0.28	$	0.30	$	0.55	$	0.71
Diluted earnings per share:
Weighted-average common shares outstanding		44,499,395		28,849,015		44,480,326		29,036,354
Dilutive effect of unvested restricted awards 1		747,341		518,457		724,134		538,608
Diluted average common shares outstanding		45,246,736		29,367,472		45,204,460		29,574,962
Net Income	$	12,247	$	8,820	$	24,267	$	20,699
Diluted earnings per share	$	0.27	$	0.30	$	0.54	$	0.70
1 Includes the common stock equivalents for restricted share rights that are dilutive.