Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Basic and diluted net income per common share

Basic and diluted net income per common share calculations are as follows for the periods presented:

	Three Months Ended
	September 30,
	2022		2021
Basic
Net income applicable to common stock	$	46,567	$	40,063
Average common shares outstanding	55,947,214		56,146,285
Net income per common share - basic	$	0.83	$	0.71
Diluted
Net income applicable to common stock	$	46,567	$	40,063
Average common shares outstanding	55,947,214		56,146,285
Effect of dilutive stock-based compensation	301,506		300,899
Average common shares outstanding - diluted	56,248,720		56,447,184
Net income per common share - diluted	$	0.83	$	0.71

	Nine Months Ended
	September 30,
	2022		2021
Basic
Net income applicable to common stock	$	119,792	$	138,838
Average common shares outstanding	55,888,226		56,237,056
Net income per common share - basic	$	2.14	$	2.47
Diluted
Net income applicable to common stock	$	119,792	$	138,838
Average common shares outstanding	55,888,226		56,237,056
Effect of dilutive stock-based compensation	281,660		296,038
Average common shares outstanding - diluted	56,169,886		56,533,094
Net income per common share - diluted	$	2.13	$	2.46

Schedule of antidilutive securities

Stock-based compensation awards that could potentially dilute basic net income per common share in the future that were not included in the computation of diluted net income per common share due to their anti-dilutive effect were as follows for the periods presented:

	Three Months Ended
	September 30,
	2022	2021
Number of shares	9,750	19,929

	Nine Months Ended
	September 30,
	2022	2021
Number of shares	19,750	19,929