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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2022
EARNINGS PER SHARE  
Schedule of reconciliation of basic to diluted earnings per share

The following is a reconciliation of basic to diluted earnings per share for the three and six months ended June 30, 2022 and 2021:

Three Months Ended

Six Months Ended

June 30, 

June 30, 

(000’s omitted, except per share data)

    

2022

    

2021

    

2022

    

2021

Net income

$

39,805

$

47,944

$

86,860

$

100,794

Income attributable to unvested stock-based compensation awards

 

(125)

 

(127)

 

(252)

 

(263)

Income available to common shareholders

$

39,680

$

47,817

$

86,608

$

100,531

Weighted-average common shares outstanding – basic

 

53,928

 

54,007

 

53,958

 

53,927

Basic earnings per share

$

0.74

$

0.89

$

1.61

$

1.86

Net income

$

39,805

$

47,944

$

86,860

$

100,794

Income attributable to unvested stock-based compensation awards

 

(125)

 

(127)

 

(252)

 

(263)

Income available to common shareholders

$

39,680

$

47,817

$

86,608

$

100,531

Weighted-average common shares outstanding – basic

 

53,928

 

54,007

 

53,958

 

53,927

Assumed exercise of stock options

 

293

 

462

 

341

 

455

Weighted-average common shares outstanding – diluted

 

54,221

 

54,469

 

54,299

 

54,382

Diluted earnings per share

$

0.73

$

0.88

$

1.60

$

1.85