Earnings Per Share

9 Months Ended

Sep. 30, 2023

Earnings Per Share

Earnings Per Share

Note 9 – Earnings Per Share

The earnings per share, both basic and diluted, are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Basic earnings per share:
Weighted-average common shares outstanding		44,675,489		44,565,626		44,653,451		44,509,072
Net income	$	24,335	$	19,523	$	73,504	$	43,790
Basic earnings per share	$	0.55	$	0.43	$	1.65	$	0.98
Diluted earnings per share:
Weighted-average common shares outstanding		44,675,489		44,565,626		44,653,451		44,509,072
Dilutive effect of unvested restricted awards 1		752,920		655,915		736,767		698,920
Diluted average common shares outstanding		45,428,409		45,221,541		45,390,218		45,207,992
Net Income	$	24,335	$	19,523	$	73,504	$	43,790
Diluted earnings per share	$	0.54	$	0.43	$	1.62	$	0.97
1 Includes the common stock equivalents for restricted share rights that are dilutive.