Net Income Per Share

6 Months Ended

Jun. 30, 2021

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 six months ended June 30, 2021 and 2020.

	Three Months Ended June 30,
	2021					2020
	Net Income		Weighted-Average Shares	Per Share Amount		Net Income		Weighted-Average Shares	Per Share Amount
Net income available to common stockholders	$	55,559	53,956,296	$	1.03	$	32,992	53,762,913	$	0.62
Effect of potentially dilutive stock options and restricted stock awards			228,128					179,654
Diluted net income per share	$	55,559	54,184,424	$	1.03	$	32,992	53,942,567	$	0.62

	Six Months Ended June 30,
	2021					2020
	Net Income		Weighted-Average Shares	Per Share Amount		Net Income		Weighted-Average Shares	Per Share Amount
Net income available to common stockholders	$	105,028	53,943,248	$	1.95	$	67,255	54,247,493	$	1.24
Effect of potentially dilutive stock options and restricted stock awards			216,084					182,026
Diluted net income per share	$	105,028	54,159,332	$	1.94	$	67,255	54,429,519	$	1.24

For the three and six months ended June 30, 2021 and 2020, there were no stock options with an option price greater than the average market price of the common shares.