NET INCOME PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

The following table is a reconciliation of net income and the shares used in calculating basic and diluted net income per common share for the three and nine months ended September 30, 2021 and 2020 (in thousands, except share and per share data):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
Numerator:
Net income	$	46,109		$	40,500		$	138,337		$	79,470
Adjustment for Basic EPS:
Earnings allocated to unvested shareholders		(255	)		(277	)		(857	)		(613	)
Adjusted net income	$	45,854		$	40,223		$	137,480		$	78,857
Denominator:
Weighted average common shares outstanding – Basic		47,291,192			47,227,061			47,286,927			47,182,625
Effect of dilutive shares:
Common stock equivalents arising from stock options and ESPP		400			339			769			1,263
Restricted stock awards and units and performance units		70,983			32,931			67,887			28,772
Weighted average common shares outstanding – Diluted		47,362,575			47,260,331			47,355,583			47,212,660
Net income per common share:
Basic	$	0.97		$	0.85		$	2.91		$	1.67
Diluted	$	0.97		$	0.85		$	2.90		$	1.67