Net Income Per Share

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Net Income Per Share

NET INCOME PER SHARE

Basic net income per share is computed by dividing net income by the weighted-average shares outstanding during the reporting period. Diluted net income per share is computed by dividing net income by the combination of the weighted-average shares outstanding during the reporting period and all potentially dilutive common shares. Potentially dilutive common shares include stock options and RSAs issued under the Corporation's share-based compensation plans. Potentially dilutive common shares are excluded from the computation of diluted earnings per share in the periods where the effect would be antidilutive.

The following table reconciles basic and diluted net income per share for the three and nine months ended September 30, 2020 and 2019.

	Three Months Ended September 30,
	2020					2019
	Net Income		Weighted-Average Shares	Per Share Amount		Net Income		Weighted-Average Shares	Per Share Amount
Net income available to common stockholders	$	36,210	53,843,508	$	0.67	$	36,757	51,433,227	$	0.71
Effect of potentially dilutive stock options and restricted stock awards			127,090					136,330
Diluted net income per share	$	36,210	53,970,598	$	0.67	$	36,757	51,569,557	$	0.71

	Nine Months Ended September 30,
	2020					2019
	Net Income		Weighted-Average Shares	Per Share Amount		Net Income		Weighted-Average Shares	Per Share Amount
Net income available to common stockholders	$	103,465	54,111,848	$	1.91	$	116,630	50,085,701	$	2.33
Effect of potentially dilutive stock options and restricted stock awards			166,034					141,679
Diluted net income per share	$	103,465	54,277,882	$	1.91	$	116,630	50,227,380	$	2.32

For the three and nine months ended September 30, 2020 and 2019, there were no stock options with an option price greater than the average market price of the common shares.