Earnings Per Share

9 Months Ended

Sep. 30, 2022

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,
	2022		2021		2022		2021
Basic and Diluted Earnings:
Net income	$	26,951	$	29,306	$	77,352	$	84,714
Basic weighted-average shares outstanding	32,112		32,465		32,195		32,641
Add:  Stock awards	109		91		146		118
Diluted weighted-average shares outstanding	32,221		32,556		32,341		32,759
Basic earnings per share:
Net income	$	0.84	$	0.90	$	2.40	$	2.60
Diluted earnings per share:
Net income	$	0.84	$	0.90	$	2.39	$	2.59

For the three months ended September 30, 2022, there were approximately 22,000 anti-dilutive shares. For the nine months ended September 30, 2022, there were no anti-dilutive shares. For the three and nine months ended September 30, 2021, there were approximately 462,000 and 288,000 anti-dilutive shares, respectively.