Schedule Of Computation Of Basic And Diluted Earnings Per Share |
The following table sets forth the computation of basic and diluted earnings per share using the two class method (in thousands, except per share data): | | | | | | | | | | | | | | | | Three months ended September 30, | Nine months ended September 30, | 2021 | 2020 | 2021 | 2020 | Net income available to common shareholders | $ | 22,732 | | $ | 20,126 | | $ | 64,694 | | $ | 67,374 | | Less: earnings allocated to participating securities | (220) | | (198) | | (618) | | (658) | | Net earnings allocated to common shareholders | $ | 22,512 | | $ | 19,928 | | $ | 64,076 | | $ | 66,716 | | | | | | | Distributed earnings allocated to common stock | $ | 8,726 | | $ | 8,944 | | $ | 26,177 | | $ | 26,832 | | Undistributed earnings allocated to common stock | 13,786 | | 10,984 | | 37,899 | | 39,884 | | Net earnings allocated to common shareholders | $ | 22,512 | | $ | 19,928 | | $ | 64,076 | | $ | 66,716 | | | | | | | Average shares outstanding | 15,279 | | 15,950 | | 15,501 | | 16,065 | | Effect of dilutive securities: | | | | | Employee stock awards | 23 | | 20 | | 25 | | 19 | | Shares for diluted earnings per share | 15,302 | | 15,970 | | 15,526 | | 16,084 | | | | | | | Basic earnings per share | $ | 1.47 | | $ | 1.25 | | $ | 4.13 | | $ | 4.15 | | Diluted earnings per share | $ | 1.47 | | $ | 1.25 | | $ | 4.13 | | $ | 4.15 | |
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