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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share

The following table is a reconciliation of the numerator and denominator used in the computation of basic and diluted earnings per common share using the two-class method (in thousands except per share data):

 

 

 

For the Three Months

Ended June 30,

 

 

For the Six Months

Ended June 30,

 

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

Net earnings

 

$

30,680

 

 

$

12,890

 

 

$

49,429

 

 

$

30,817

 

 

Less earnings attributable to RSUs outstanding

 

 

(716

)

 

 

(359

)

 

 

(1,154

)

 

 

(718

)

 

Net earnings attributable to common stockholders used in basic and diluted earnings per share calculation

 

 

29,964

 

 

 

12,531

 

 

 

48,275

 

 

 

30,099

 

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

46,733

 

 

 

44,437

 

 

 

46,727

 

 

 

44,156

 

 

Incremental shares from stock-based compensation

 

 

23

 

 

 

33

 

 

 

19

 

 

 

20

 

 

Diluted

 

 

46,756

 

 

 

44,470

 

 

 

46,746

 

 

 

44,176

 

 

Basic earnings per common share

 

$

0.64

 

 

$

0.28

 

 

$

1.03

 

 

$

0.68

 

 

Diluted earnings per common share

 

$

0.64

 

 

$

0.28

 

 

$

1.03

 

 

$

0.68