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Earnings Per Share (Tables)
 9 Months Ended
Sep. 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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net income

 

$

9,827

 

 

$

15,686

 

 

$

28,646

 

 

$

73,386

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares of Common Stock outstanding

 

 

33,162,181

 

 

 

33,177,743

 

 

 

33,105,854

 

 

 

33,075,399

 

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

 

 

308,258

 

 

 

431,341

 

 

 

353,896

 

 

 

413,501

 

Diluted weighted average shares of Common Stock outstanding

 

 

33,470,439

 

 

 

33,609,084

 

 

 

33,459,750

 

 

 

33,488,900

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.30

 

 

$

0.47

 

 

$

0.87

 

 

$

2.22

 

Diluted earnings per share

 

$

0.29

 

 

$

0.47

 

 

$

0.86

 

 

$

2.19