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EARNINGS PER SHARE
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic earnings per share (“EPS”) computations are calculated utilizing the weighted average number of shares of the Company’s common stock outstanding during the periods presented. Diluted EPS is calculated utilizing the weighted average number of shares of the Company’s common stock outstanding adjusted for the effect of dilutive common stock equivalents.
The following table sets forth the computation of basic and diluted EPS (in thousands, except per share data):
Three months ended March 31,
20222021
Numerator:
Net income$41,781 $41,063 
Denominator:
Weighted average shares of common stock outstanding11,557 11,772 
Effect of dilutive common stock equivalents81 109 
Weighted average shares of common stock outstanding11,638 11,881 
Earnings per share - basic$3.62 $3.49 
Earnings per share - diluted$3.59 $3.46 
The calculation of diluted EPS excluded 44 and 267 antidilutive restricted stock awards for the three months ended March 31, 2022 and 2021, respectively.