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EARNINGS PER SHARE
3 Months Ended
Mar. 31, 2021
Earnings Per Share  
Earnings Per Share

Note 3–Earnings Per Share

Basic earnings per common share is computed using the weighted average number of shares outstanding. Diluted earnings per share is computed using the weighted average number of shares outstanding adjusted for the incremental shares attributable to non-vested stock units and stock options outstanding, if dilutive.

The following table sets forth the computation of basic and diluted earnings per share:

Three Months Ended March 31 ,

    

2021

    

2020

 

Numerator:

Net income

$

10,184

$

14,896

Denominator:

Denominator for basic earnings per share

 

26,172

 

26,236

Dilutive effect of employee stock awards

 

188

 

185

Denominator for diluted earnings per share

 

26,360

 

26,421

Earnings per share:

Basic

$

0.39

$

0.57

Diluted

$

0.39

$

0.56

For the three months ended March 31, 2021 and 2020, the Company had no outstanding non-vested stock units that were excluded from the computation of diluted earnings per share because including them would have had an anti-dilutive effect.