Earnings Per Common Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Common Share

NOTE 14. EARNINGS PER COMMON SHARE

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

	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
Numerator:
Net income	$	11,453	$	14,074	$	83,018	$	82,091
Denominator:
Weighted-average number of common shares outstanding-basic		72,624		69,404		72,205		69,348
Effect of dilutive securities:
Performance and restricted stock awards		34		130		89		172
Weighted-average number of common shares outstanding-diluted		72,658		69,534		72,294		69,520
Earnings per common share:
Basic	$	0.16	$	0.20	$	1.15	$	1.18
Diluted	$	0.16	$	0.20	$	1.15	$	1.18

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