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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings per Share

The following table sets forth the calculation of basic and diluted earnings per share:

 

 

 

Three Months Ended
March 31,

 

(in thousands, except per share data)

 

2022

 

 

2021

 

Net income

 

$

10,960

 

 

$

7,917

 

Denominator for basic earnings per share – weighted-average
   number of common shares outstanding during the period

 

 

35,245

 

 

 

36,250

 

Incremental common shares attributable to exercise of dilutive
   options

 

 

24

 

 

 

51

 

Incremental common shares attributable to outstanding restricted stock units

 

 

201

 

 

 

410

 

Denominator for diluted earnings per share

 

 

35,470

 

 

 

36,711

 

Basic earnings per share

 

$

0.31

 

 

$

0.22

 

Diluted earnings per share

 

$

0.31

 

 

$

0.22