Earnings Per Share

3 Months Ended

Mar. 31, 2021

Earnings per Share

Basic earnings per share is based upon the weighted average common shares outstanding during each year. Diluted earnings per share is based on the basic weighted earnings per share with additional weighted common shares for common stock equivalents. During the three months ended March 31, 2021 and March 31, 2020, we had outstanding restricted shares of common stock to certain of our employees under the Company's 2011 Restricted Stock Award Plan (the "Plan"). A reconciliation of the numerator (net income) and denominator (weighted average number of shares outstanding of the basic and diluted earnings per share ("EPS")) for the three months ended March 31, 2021 and March 31, 2020 is as follows (in thousands, except per share data):


	Three months ended March 31, 2021
	Net Income (numerator)		Shares (denominator)	Per Share Amount
Basic EPS	$	13,734	80,152	$	0.17
Effect of restricted stock	—		54
Diluted EPS	$	13,734	80,206	$	0.17


	Three months ended March 31, 2020
	Net Income (numerator)		Shares (denominator)	Per Share Amount
Basic EPS	$	13,238	81,870	$	0.16
Effect of restricted stock	—		75
Diluted EPS	$	13,238	81,945	$	0.16