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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2020
EARNINGS PER SHARE  
Reconciliation of Basic to Diluted Earnings per Share

The following is a reconciliation of basic to diluted earnings per share for the three and nine months ended September 30, 2020 and 2019:

Three Months Ended

Nine Months Ended

September 30,

September 30,

(000's omitted, except per share data)

    

2020

    

2019

    

2020

    

2019

Net income

$

42,809

$

39,218

$

118,191

$

126,179

Income attributable to unvested stock-based compensation awards

 

(147)

 

(102)

 

(432)

 

(331)

Income available to common shareholders

$

42,662

$

39,116

$

117,759

$

125,848

Weighted-average common shares outstanding – basic

 

53,650

 

51,750

 

52,727

 

51,644

Basic earnings per share

$

0.80

$

0.76

$

2.23

$

2.44

Net income

$

42,809

$

39,218

$

118,191

$

126,179

Income attributable to unvested stock-based compensation awards

 

(147)

 

(102)

 

(432)

 

(331)

Income available to common shareholders

$

42,662

$

39,116

$

117,759

$

125,848

Weighted-average common shares outstanding – basic

 

53,650

 

51,750

 

52,727

 

51,644

Assumed exercise of stock options

 

324

 

496

 

356

 

522

Weighted-average common shares outstanding – diluted

 

53,974

 

52,246

 

53,083

 

52,166

Diluted earnings per share

$

0.79

$

0.75

$

2.22

$

2.41