Earnings Per Share

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Earnings per share on a basic and diluted basis are calculated as follows (in thousands, except per share amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Basic and Diluted Earnings:
Net income	$	29,306	$	27,074	$	84,714	$	52,581
Basic weighted-average shares outstanding	32,465		33,047		32,641		33,250
Add:  Stock awards	91		51		118		81
Diluted weighted-average shares outstanding	32,556		33,098		32,759		33,331
Basic earnings per share:
Net income	$	0.90	$	0.82	$	2.60	$	1.58
Diluted earnings per share:
Net income	$	0.90	$	0.82	$	2.59	$	1.58

For the three and nine months ended September 30, 2021, there were approximately 462,000 and 288,000 anti-dilutive shares, respectively. For the three and nine months ended September 30, 2020, there were approximately and 835,000 and 811,000 anti-dilutive shares, respectively.