Net Income Per Share

9 Months Ended

Sep. 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 nine months ended September 30, 2021 and 2020.

	Three Months Ended September 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	$	52,770	53,766,630	$	0.98	$	36,210	53,843,508	$	0.67
Effect of potentially dilutive stock options and restricted stock awards			193,135					127,090
Diluted net income per share	$	52,770	53,959,765	$	0.98	$	36,210	53,970,598	$	0.67

	Nine Months Ended September 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	$	157,798	53,883,945	$	2.93	$	103,465	54,111,848	$	1.91
Effect of potentially dilutive stock options and restricted stock awards			209,118					166,034
Diluted net income per share	$	157,798	54,093,063	$	2.92	$	103,465	54,277,882	$	1.91

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