Earnings Per Common Share

3 Months Ended

Mar. 31, 2022

The following table sets forth the computation of basic and diluted earnings per common share for the three months ended March 31, 2022 and 2021.


	Three Months Ended March 31,
(In thousands, except share and per common share data)	2022		2021
Numerator:
Net income	$	38,875	$	42,831
Denominator:
Weighted-average common shares outstanding	16,219,889		16,314,987
Effect of dilutive PBRSUs and TBRSUs	111,142		124,933
Weighted-average common shares outstanding adjusted for the effect of dilutive PBRSUs and TBRSUs	16,331,031		16,439,920
Earnings per common share:
Basic earnings per common share	$	2.40	$	2.63
Diluted earnings per common share	$	2.38	$	2.61

Park awarded 52,335 and 61,890 PBRSUs to certain employees during the three months ended March 31, 2022 and 2021, respectively.

No common shares were repurchased during the three months ended March 31, 2022 or 2021..