Earnings Per Common Share

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Earnings Per Common Share

NOTE 15. EARNINGS PER COMMON SHARE

The following table presents the computation of basic and diluted earnings per common share for the three and nine months ended September 30 (in thousands, except per share amounts):

	Three months ended September 30,				Nine months ended September 30,
	2021		2020		2021		2020
Numerator:
Net income	$	14,366	$	4,876	$	96,457	$	70,753
Denominator:
Weighted-average number of common shares outstanding-basic		70,054		68,194		69,582		67,638
Effect of dilutive securities:
Performance and restricted stock awards		75		143		140		131
Weighted-average number of common shares outstanding-diluted		70,129		68,337		69,722		67,769
Earnings per common share:
Basic	$	0.21	$	0.07	$	1.39	$	1.05
Diluted	$	0.20	$	0.07	$	1.38	$	1.04

There were no shares excluded from the calculation because they were antidilutive.