NET INCOME PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2022

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Numerator:
Net income	$	53,455		$	46,109		$	144,927		$	138,337
Adjustment for Basic EPS:
Earnings allocated to unvested shareholders		(289	)		(255	)		(849	)		(857	)
Adjusted net income	$	53,166		$	45,854		$	144,078		$	137,480
Denominator:
Weighted average common shares outstanding – Basic		47,396,495			47,291,192			47,386,426			47,286,927
Effect of dilutive shares:
Common stock equivalents arising from stock options and ESPP		729			400			1,814			769
Restricted stock awards and units and performance units		69,710			70,983			67,653			67,887
Weighted average common shares outstanding – Diluted		47,466,934			47,362,575			47,455,893			47,355,583
Net income per common share:
Basic	$	1.12		$	0.97		$	3.04		$	2.91
Diluted	$	1.12		$	0.97		$	3.04		$	2.90