NET INCOME PER COMMON SHARE

6 Months Ended

Jun. 30, 2023

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, 2023 and 2022.


	Three Months Ended June 30,
	2023					2022
	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	$	60,393	59,263,813	$	1.02	$	38,522	59,030,618	$	0.64
Effect of potentially dilutive stock options and restricted stock awards			184,566					277,281
Diluted net income per common share	$	60,393	59,448,379	$	1.02	$	38,522	59,307,899	$	0.63



	Six Months Ended June 30,

	2023					2022
	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	$	124,003	59,240,137	$	2.09	$	87,108	56,237,209	$	1.55
Effect of potentially dilutive stock options and restricted stock awards			205,920					278,889
Diluted net income per common share	$	124,003	59,446,057	$	2.09	$	87,108	56,516,098	$	1.54

For the three and six months ended June 30, 2023 and 2022, there were no stock options with an option price greater than the average market price of the common shares.