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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Earnings per Share and Weighted Average Shares Outstanding Used in Calculating Basic and Diluted Earnings per Share

The following table illustrates earnings per share and the weighted average shares outstanding used in calculating basic and diluted earnings per share:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net income

 

$

7,072

 

 

$

24,791

 

 

$

18,819

 

 

$

57,700

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares of Common Stock outstanding

 

 

33,119,085

 

 

 

33,100,230

 

 

 

33,077,029

 

 

 

33,025,432

 

Dilutive effect of stock options, restricted stock awards and restricted stock units

 

 

307,038

 

 

 

443,978

 

 

 

344,958

 

 

 

443,417

 

Diluted weighted average shares of Common Stock outstanding

 

 

33,426,123

 

 

 

33,544,208

 

 

 

33,421,987

 

 

 

33,468,849

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.21

 

 

$

0.75

 

 

$

0.57

 

 

$

1.75

 

Diluted earnings per share

 

$

0.21

 

 

$

0.74

 

 

$

0.56

 

 

$

1.72