EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2023 and 2022:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(000’s omitted, except per share data)	2023		2022		2023		2022
Net income	$	44,129	$	48,691	$	98,218	$	135,551
Income attributable to unvested stock-based compensation awards		(158)		(142)		(327)		(386)
Income available to common shareholders	$	43,971	$	48,549	$	97,891	$	135,165
Weighted-average common shares outstanding – basic		53,502		53,830		53,673		53,915
Basic earnings per share	$	0.82	$	0.90	$	1.82	$	2.51
Net income	$	44,129	$	48,691	$	98,218	$	135,551
Income attributable to unvested stock-based compensation awards		(158)		(142)		(327)		(386)
Income available to common shareholders	$	43,971	$	48,549	$	97,891	$	135,165
Weighted-average common shares outstanding – basic		53,502		53,830		53,673		53,915
Assumed exercise of stock options		104		302		135		328
Weighted-average common shares outstanding – diluted		53,606		54,132		53,808		54,243
Diluted earnings per share	$	0.82	$	0.90	$	1.82	$	2.49