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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2023
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)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Net income

 

$

13,991

 

 

$

17,221

 

 

$

26,351

 

 

$

28,181

 

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

 

 

35,618

 

 

 

35,157

 

 

 

35,478

 

 

 

35,201

 

Incremental common shares attributable to exercise of dilutive
   options

 

 

 

 

 

9

 

 

 

4

 

 

 

21

 

Incremental common shares attributable to outstanding restricted stock units

 

 

58

 

 

 

170

 

 

 

248

 

 

 

394

 

Denominator for diluted earnings per share

 

 

35,676

 

 

 

35,336

 

 

 

35,730

 

 

 

35,616

 

Basic earnings per share

 

$

0.39

 

 

$

0.49

 

 

$

0.74

 

 

$

0.80

 

Diluted earnings per share

 

$

0.39

 

 

$

0.49

 

 

$

0.74

 

 

$

0.79