CALCULATION OF WEIGHTED AVERAGE SHARES OUTSTANDING FOR EARNINGS PER SHARE (EPS)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

CALCULATION OF WEIGHTED AVERAGE SHARES OUTSTANDING FOR EARNINGS PER SHARE (EPS)

The following table reconciles basic to diluted weighted average shares outstanding used to calculate earnings per share data for the three and nine months ended September 30, 2023 and 2022 (in thousands, except shares and per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Net income	$	45,854	$	49,070	$	141,000	$	140,998
Basic weighted average shares outstanding	34,379,865		34,224,640		34,331,458		34,277,182
Dilutive effect of unvested restricted stock	49,861		191,377		107,756		222,064
Diluted weighted shares outstanding	34,429,726		34,416,017		34,439,214		34,499,246
Earnings per common share
Basic	$	1.33	$	1.43	$	4.11	$	4.11
Diluted	$	1.33	$	1.43	$	4.09	$	4.09