EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2023

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 and six months ended June 30, 2023 and 2022:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(000’s omitted, except per share data)	2023		2022		2023		2022
Net income	$	48,291	$	39,805	$	54,089	$	86,860
Income attributable to unvested stock-based compensation awards		(192)		(125)		(186)		(252)
Income available to common shareholders	$	48,099	$	39,680	$	53,903	$	86,608
Weighted-average common shares outstanding – basic		53,679		53,928		53,760		53,958
Basic earnings per share	$	0.90	$	0.74	$	1.00	$	1.61
Net income	$	48,291	$	39,805	$	54,089	$	86,860
Income attributable to unvested stock-based compensation awards		(192)		(125)		(186)		(252)
Income available to common shareholders	$	48,099	$	39,680	$	53,903	$	86,608
Weighted-average common shares outstanding – basic		53,679		53,928		53,760		53,958
Assumed exercise of stock options		115		293		152		341
Weighted-average common shares outstanding – diluted		53,794		54,221		53,912		54,299
Diluted earnings per share	$	0.89	$	0.73	$	1.00	$	1.60