Earnings Per Common Share (EPS)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Earnings Per Common Share (EPS)

11.   Earnings Per Common Share (EPS). The computation of weighted average shares outstanding and the basic and diluted earnings per common share for the three and nine-month periods ended September 30, 2023 and 2022 consisted of the following (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
Net income	$	25,834	$	15,272	$	66,782	$	41,115
Average common shares outstanding		57,682		56,835		57,525		56,707
Basic EPS	$	0.45	$	0.27	$	1.16	$	0.73
Average common shares outstanding		57,682		56,835		57,525		56,707
Effect of dilutive stock awards		693		751		820		866
Total potential shares outstanding		58,375		57,586		58,345		57,573
Diluted EPS	$	0.44	$	0.27	$	1.14	$	0.71
Equity awards excluded as the impact was anti-dilutive (1)		1,242		1,641		1,091		1,612

(1) Does not reflect the impact of incremental repurchases under the treasury stock method.