Earnings Per Share

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted EPS for the years ended December 31, 2021, 2020 and 2019 (in thousands, except per share data):

	2021		2020		2019
Numerator:
Net income	$	164,031	$	102,859	$	77,916
Denominator:
Weighted average shares of common stock outstanding	11,705		11,771		11,771
Effect of dilutive common stock equivalents	108		79		346
Weighted average shares of common stock outstanding	11,813		11,850		12,117
Earnings per share - basic	$	14.01	$	8.74	$	6.62
Earnings per share - diluted	$	13.89	$	8.68	$	6.43

The calculation of diluted earnings per share excluded 0, 358 and 984 antidilutive options outstanding for the years ended December 31, 2021, 2020 and 2019, respectively. The calculation of diluted earnings per share for the years ended December 31, 2021, 2020 and 2019 also excluded 368, 2,658 and 718 antidilutive restricted stock awards, respectively.