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.