EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2022

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, 2022, 2021 and 2020 (in thousands, except per share data):

	2022		2021		2020
Numerator:
Net income	$	143,568	$	164,031	$	102,859
Denominator:
Weighted average shares of common stock outstanding	11,195		11,705		11,771
Effect of dilutive common stock equivalents	81		108		79
Weighted average shares of common stock outstanding	11,276		11,813		11,850
Earnings per share - basic	$	12.82	$	14.01	$	8.74
Earnings per share - diluted	$	12.73	$	13.89	$	8.68

The calculation of diluted earnings per share excluded 0, 0 and less than 1 thousand antidilutive options outstanding for the years ended December 31, 2022, 2021 and 2020, respectively. The calculation of diluted earnings per share for the years ended December 31, 2022, 2021 and 2020 also excluded 5 thousand, less than 1 thousand and 3 thousand antidilutive restricted stock awards, respectively.