Net Income Per Share

3 Months Ended

Mar. 31, 2022

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 months ended March 31, 2022 and 2021.

	Three Months Ended March 31,
	2022					2021
	Net Income		Weighted-Average Shares	Per Share Amount		Net Income		Weighted-Average Shares	Per Share Amount
Net income available to common stockholders	$	48,586	53,412,762	$	0.91	$	49,469	53,930,200	$	0.92
Effect of potentially dilutive stock options and restricted stock awards			203,106					203,422
Diluted net income per share	$	48,586	53,615,868	$	0.91	$	49,469	54,133,622	$	0.91

For the three months ended March 31, 2022 and 2021, there were no stock options with an option price greater than the average market price of the common shares.