EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2022

EARNINGS PER SHARE

Schedule of reconciliation of basic to diluted earnings per share

The following is a reconciliation of basic to diluted earnings per share for the three months ended March 31, 2022 and 2021:

	Three Months Ended
	March 31,
(000’s omitted, except per share data)	2022		2021
Net income	$	47,055	$	52,850
Income attributable to unvested stock-based compensation awards		(119)		(130)
Income available to common shareholders	$	46,936	$	52,720
Weighted-average common shares outstanding – basic		53,993		53,845
Basic earnings per share	$	0.87	$	0.98
Net income	$	47,055	$	52,850
Income attributable to unvested stock-based compensation awards		(119)		(130)
Income available to common shareholders	$	46,936	$	52,720
Weighted-average common shares outstanding - basic		53,993		53,845
Assumed exercise of stock options		386		438
Weighted-average common shares outstanding – diluted		54,379		54,283
Diluted earnings per share	$	0.86	$	0.97