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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2023
Earnings Per Share  
Schedule of Computation of Basic and Diluted Earnings Per Share

The following table illustrates the computation of basic and diluted earnings per share for the three and six months ended June 30, 2023 and 2022:

For the three months ended

For the six months ended

    

June 30, 2023

    

June 30, 2022

    

June 30, 2023

    

June 30, 2022

Net income

$

32,557

$

20,362

$

72,840

$

38,714

Less: income allocated to participating securities

 

(69)

 

(37)

 

(110)

 

(72)

Income allocated to common shareholders

$

32,488

$

20,325

$

72,730

$

38,642

Weighted average shares outstanding for basic earnings per common share

 

37,957,287

 

30,225,898

 

37,871,862

 

30,173,338

Dilutive effect of equity awards

 

150,039

 

267,367

 

220,846

 

319,275

Weighted average shares outstanding for diluted earnings per common share

 

38,107,326

 

30,493,265

 

38,092,708

 

30,492,613

Basic earnings per share

$

0.86

$

0.67

$

1.92

$

1.28

Diluted earnings per share

0.85

0.67

1.91

1.27