Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 30,
(in thousands)	2021		2020
Net income	$	27,422	$	17,606
Average number of common shares outstanding	29,714		29,764
Effect of dilutive stock options and restricted stock	137		80
Average number of common shares outstanding used to calculate diluted earnings per share	29,851		29,844
Options excluded from diluted earnings per share because of their antidilutive effect	—		—

	Nine months ended September 30,
(in thousands)	2021		2020
Net income	$	89,433	$	41,157
Average number of common shares outstanding	29,720		29,971
Effect of dilutive stock options and restricted stock	167		112
Average number of common shares outstanding used to calculate diluted earnings per share	29,887		30,083
Options excluded from diluted earnings per share because of their antidilutive effect	—		—