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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 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
June 30,

 

 

Six Months Ended
June 30,

 

(in thousands, except per share data)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net income

 

$

17,221

 

 

$

7,369

 

 

$

28,181

 

 

$

15,286

 

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

 

 

35,157

 

 

 

35,753

 

 

 

35,201

 

 

 

36,000

 

Incremental common shares attributable to exercise of dilutive
   options

 

 

9

 

 

 

45

 

 

 

21

 

 

 

49

 

Incremental common shares attributable to outstanding restricted stock units

 

 

170

 

 

 

263

 

 

 

394

 

 

 

425

 

Denominator for diluted earnings per share

 

 

35,336

 

 

 

36,061

 

 

 

35,616

 

 

 

36,474

 

Basic earnings per share

 

$

0.49

 

 

$

0.21

 

 

$

0.80

 

 

$

0.42

 

Diluted earnings per share

 

$

0.49

 

 

$

0.20

 

 

$

0.79

 

 

$

0.42