NET INCOME PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2021

The following table is a reconciliation of net income and the shares used in calculating basic and diluted net income per common share for the three and six months ended June 30, 2021 and 2020 (in thousands, except share and per share data):

	Three Months Ended June 30,						Six Months Ended June 30,
	2021			2020			2021			2020
Numerator:
Net income	$	40,541		$	815		$	92,228		$	38,970
Adjustment for Basic EPS:
Earnings allocated to unvested shareholders		(247	)		(6	)		(602	)		(318	)
Adjusted net income	$	40,294		$	809		$	91,626		$	38,652
Denominator:
Weighted average common shares outstanding – Basic		47,299,627			47,227,294			47,284,773			47,160,163
Effect of dilutive shares:
Common stock equivalents arising from stock options and ESPP		204			483			369			924
Restricted stock awards and units and performance units		57,033			16,214			62,454			29,418
Weighted average common shares outstanding – Diluted		47,356,864			47,243,991			47,347,596			47,190,505
Net income per common share:
Basic	$	0.85		$	0.02		$	1.94		$	0.82
Diluted	$	0.85		$	0.02		$	1.94		$	0.82