Earnings Per Share

6 Months Ended

Jun. 30, 2023

Earnings Per Share

Earnings Per Share

Note 9 – Earnings Per Share

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Basic earnings per share:
Weighted-average common shares outstanding		44,665,127		44,499,395		44,642,250		44,480,326
Net income	$	25,562	$	12,247	$	49,169	$	24,267
Basic earnings per share	$	0.57	$	0.28	$	1.10	$	0.55
Diluted earnings per share:
Weighted-average common shares outstanding		44,665,127		44,499,395		44,642,250		44,480,326
Dilutive effect of unvested restricted awards 1		759,291		747,341		728,556		724,134
Diluted average common shares outstanding		45,424,418		45,246,736		45,370,806		45,204,460
Net Income	$	25,562	$	12,247	$	49,169	$	24,267
Diluted earnings per share	$	0.56	$	0.27	$	1.08	$	0.54
1 Includes the common stock equivalents for restricted share rights that are dilutive.