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EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2021

Basic and diluted earnings per common share were calculated as follows (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Basic weighted average number of shares outstanding	37,818		37,599		37,731		37,842
Effect of dilutive securities:

Unvested restricted stock	559		570		626		670
Diluted average shares outstanding	38,377		38,169		38,357		38,512
Net earnings	$	167,389	$	90,678	$	299,232	$	161,830


Basic earnings per share	$	4.43	$	2.41	$	7.93	$	4.28
Diluted earnings per share	$	4.36	$	2.38	$	7.80	$	4.20