Earnings Per Share

6 Months Ended

Jun. 30, 2023

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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Basic and Diluted Earnings:
Net income	$	24,893	$	25,405	$	50,927	$	50,401
Basic weighted-average shares outstanding	30,721		32,119		31,045		32,237
Add:  Stock awards	33		132		54		157
Diluted weighted-average shares outstanding	30,754		32,251		31,099		32,394
Basic earnings per share:
Net income	$	0.81	$	0.79	$	1.64	$	1.56
Diluted earnings per share:
Net income	$	0.81	$	0.79	$	1.64	$	1.56

For the three and six months ended June 30, 2023, there were approximately 686,000 and 578,000 anti-dilutive shares, respectively. For the three and six months ended June 30, 2022, there were 18,000 and 1,000 anti-dilutive shares, respectively.