XML 30 R20.htm IDEA: XBRL DOCUMENT v3.24.3
NET INCOME PER COMMON SHARE
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
NET INCOME PER COMMON SHARE
NET INCOME PER COMMON SHARE
Basic net income per common share is computed by dividing net income available to common stockholders by the weighted-average common shares outstanding during the reporting period. Diluted net income per common share is computed by dividing net income available to common stockholders by the combination of the weighted-average common shares outstanding during the reporting period and all potentially dilutive common shares. Potentially dilutive common shares include stock options and RSAs issued under the Corporation's share-based compensation plans. Potentially dilutive common shares are excluded from the computation of diluted earnings per common share in the periods where the effect would be antidilutive.

The following tables reconcile basic and diluted net income per common share for the three and nine months ended September 30, 2024 and 2023.

 Three Months Ended September 30,
 20242023
 Net Income Available to Common StockholdersWeighted-Average Common SharesPer Share
Amount
Net Income Available to Common StockholdersWeighted-Average Common SharesPer Share
Amount
Net income available to common stockholders$48,719 58,074,361 $0.84 $55,898 59,335,877 $0.95 
Effect of potentially dilutive stock options and restricted stock awards215,128  166,648  
Diluted net income per common share$48,719 58,289,489 $0.84 $55,898 59,502,525 $0.94 
RSAs excluded from the diluted average common share calculation(1)
94,650 155,653 

 Nine Months Ended September 30,
 20242023
 Net Income Available to Common StockholdersWeighted-Average Common SharesPer Share
Amount
Net Income Available to Common StockholdersWeighted-Average Common SharesPer Share
Amount
Net income available to common stockholders$135,647 58,413,814 $2.32 $179,901 59,272,401 $3.04 
Effect of potentially dilutive stock options and restricted stock awards215,185  192,997  
Diluted net income per common share$135,647 58,628,999 $2.31 $179,901 59,465,398 $3.03 
RSAs excluded from the diluted average common share calculation(1)
122,134 64,646 
(1) Anti-dilution occurs when the unrecognized compensation cost per share of an RSA exceeds the market price of the Corporation's stock.