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Earnings Per Share (Tables)
9 Months Ended
Sep. 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
September 30,

 

 

Nine Months Ended
September 30,

 

(in thousands, except per share data)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net income

 

$

18,829

 

 

$

8,065

 

 

$

47,010

 

 

$

23,351

 

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

 

 

35,151

 

 

 

35,423

 

 

 

35,184

 

 

 

35,806

 

Incremental common shares attributable to exercise of dilutive
   options

 

 

13

 

 

 

32

 

 

 

15

 

 

 

43

 

Incremental common shares attributable to outstanding restricted stock units

 

 

184

 

 

 

211

 

 

 

405

 

 

 

438

 

Denominator for diluted earnings per share

 

 

35,348

 

 

 

35,666

 

 

 

35,604

 

 

 

36,287

 

Basic earnings per share

 

$

0.54

 

 

$

0.23

 

 

$

1.34

 

 

$

0.65

 

Diluted earnings per share

 

$

0.53

 

 

$

0.23

 

 

$

1.32

 

 

$

0.64