Net Income (Loss) per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Computation of the Company’s Basic and Diluted Net Income per Share

The computation of the Company's basic and diluted net income per share is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(In thousands, except per share data)
Numerator for basic and diluted income per common share:
Net income	$	23,962	$	29,362	$	48,812	$	54,965
Less: Net income allocated to unvested participating restricted stock	(673)		(657)		(1,273)		(1,431)
Net income available to common stockholders - basic	23,289		28,705		47,539		53,534
Effect of unvested participating restricted stock in two-class calculation	1		3		1		10
Net income available to common stockholders - diluted	$	23,290	$	28,708	$	47,540	$	53,544
Denominator:
Weighted average outstanding shares of common stock - basic	16,050		16,886		16,386		16,673
Dilutive effect of stock options	30		91		32		129
Weighted average outstanding shares of common stock - diluted	16,080		16,977		16,418		16,802
Net income per common share:
Basic	$	1.45	$	1.70	$	2.90	$	3.21
Diluted	$	1.45	$	1.69	$	2.90	$	3.19