XML 26 R16.htm IDEA: XBRL DOCUMENT v3.21.2
Earnings Per Share
 9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Earnings Per Share

Note 9. Earnings Per Share

The following schedule reconciles the computation of basic and diluted earnings per share for the periods indicated:

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

In thousands, except per share amounts

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

22,221

 

 

$

11,238

 

 

$

67,909

 

 

$

12,383

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding for basic earnings per share

 

 

9,861

 

 

 

10,977

 

 

 

10,199

 

 

 

10,945

 

Effect of dilutive securities

 

 

683

 

 

 

115

 

 

 

601

 

 

 

172

 

Weighted-average shares adjusted for dilutive securities

 

 

10,544

 

 

 

11,092

 

 

 

10,800

 

 

 

11,117

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

2.25

 

 

$

1.02

 

 

$

6.66

 

 

$

1.13

 

Diluted

 

$

2.11

 

 

$

1.01

 

 

$

6.29

 

 

$

1.11

 

Options to purchase 12 thousand and 0.6 million shares of common stock were outstanding during the three and nine months ended September 30, 2021 and 2020, respectively, but were not included in the computation of diluted earnings per share because they were anti-dilutive.