EARNINGS PER SHARE

12 Months Ended

Dec. 31, 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):

	Years Ended December 31,
	2021		2020		2019
Basic and Diluted Earnings:
Net income	$	113,401	$	82,153	$	74,554
Basic weighted-average shares outstanding	32,558		33,201		33,747
Add: Stock awards	134		80		148
Diluted weighted-average shares outstanding	32,692		33,281		33,895
Basic earnings per share:
Net income	$	3.48	$	2.47	$	2.21
Diluted earnings per share:
Net income	$	3.47	$	2.47	$	2.20

For the year ended December 31, 2021, there were approximately 9,000 anti-dilutive shares. For the years ended December 31, 2020 and 2019 there were approximately 808,000 and 521,000 anti-dilutive shares, respectively.