Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Computation of Earnings Per Share

Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock units (RSUs), and are determined using the treasury stock method. Earnings per share have been computed based on the following:

	Three months ended June 30,
(in thousands)	2021		2020
Net income	$	28,362	$	7,430
Average number of common shares outstanding	29,719		29,754
Effect of dilutive stock options and restricted stock	185		129
Average number of common shares outstanding used to calculate diluted earnings per share	29,904		29,883
Options excluded from diluted earnings per share because of their antidilutive effect	—		—

	Six months ended June 30,
(in thousands)	2021		2020
Net income	$	62,011	$	23,551
Average number of common shares outstanding	29,723		30,074
Effect of dilutive stock options and restricted stock	181		129
Average number of common shares outstanding used to calculate diluted earnings per share	29,904		30,203
Options excluded from diluted earnings per share because of their antidilutive effect	—		—