Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2021

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):

	Years Ending December 31,
	2021		2020
Basic:
Net income	$	73,199	$	58,693
Weighted average shares outstanding		26,267		26,571
Basic net income per share	$	2.79	$	2.21
Diluted:
Net income	$	73,199	$	58,693
Weighted average share outstanding		26,267		26,571
Restricted stock awards		542		109
Total		26,809		26,680
Diluted net income per share	$	2.73	$	2.20