Net Income Per Common Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Net Income Per Common Share

NET INCOME PER COMMON SHARE

Basic net income per common share is computed by dividing net income available to common stockholders by the weighted-average common shares outstanding during the reporting period. Diluted net income per common share is computed by dividing net income available to common stockholders by the combination of the weighted-average common 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 common share in the periods where the effect would be antidilutive.

The following table reconciles basic and diluted net income per common share for the three and six months ended June 30, 2022 and 2021.

	Three Months Ended June 30,
	2022					2021
	Net Income Available to Common Stockholders		Weighted-Average Common Shares	Per Share Amount		Net Income Available to Common Stockholders		Weighted-Average Common Shares	Per Share Amount
Net income available to common stockholders	$	38,522	59,030,618	$	0.64	$	55,559	53,956,296	$	1.03
Effect of potentially dilutive stock options and restricted stock awards			277,281					228,128
Diluted net income per common share	$	38,522	59,307,899	$	0.63	$	55,559	54,184,424	$	1.03

	Six Months Ended June 30
	2022					2021
	Net Income Available to Common Stockholders		Weighted-Average Common Shares	Per Share Amount		Net Income Available to Common Stockholders		Weighted-Average Common Shares	Per Share Amount
Net income available to common stockholders	$	87,108	56,237,209	$	1.55	$	105,028	53,943,248	$	1.95
Effect of potentially dilutive stock options and restricted stock awards			278,889					216,084
Diluted net income per common share	$	87,108	56,516,098	$	1.54	$	105,028	54,159,332	$	1.94

For the three and six months ended June 30, 2022 and 2021, there were no stock options with an option price greater than the average market price of the common shares.