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Earnings Per Share (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2023 and 2022:

For the three months ended

For the nine months ended

    

September 30, 2023

    

September 30, 2022

    

September 30, 2023

    

September 30, 2022

Net income

$

36,087

$

15,839

$

108,927

$

54,553

Less: income allocated to participating securities

 

(68)

 

(39)

 

(179)

 

(111)

Income allocated to common shareholders

$

36,019

$

15,800

$

108,748

$

54,442

Weighted average shares outstanding for basic earnings per common share

 

37,990,659

 

31,259,188

 

37,911,896

 

30,539,266

Dilutive effect of equity awards

 

143,679

 

271,887

 

182,014

 

295,364

Weighted average shares outstanding for diluted earnings per common share

 

38,134,338

 

31,531,075

 

38,093,910

 

30,834,630

Basic earnings per share

$

0.95

$

0.51

$

2.87

$

1.78

Diluted earnings per share

0.94

0.50

2.85

1.77