Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Computations of Basic and Diluted Net Income per Share

Basic earnings per share is calculated by dividing net income by the weighted average shares outstanding. Diluted earnings per share is calculated using the treasury stock method by dividing net income by the total weighted average shares of common stock outstanding and restricted stock awards.  The computations of basic and diluted net income per share were as follows (in thousands, except per share amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Basic:
Net income	$	16,435	$	13,626	$	38,970	$	57,535
Weighted average shares outstanding		26,531		26,987		26,615		27,612
Basic net income per share	$	0.62	$	0.50	$	1.46	$	2.08
Diluted:
Net income	$	16,435	$	13,626	$	38,970	$	57,535
Weighted average shares outstanding		26,531		26,987		26,615		27,612
Restricted stock awards		82		106		64		64
Total		26,613		27,093		26,679		27,676
Diluted net income per share	$	0.62	$	0.50	$	1.46	$	2.08