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Earnings per Share (Tables) | 6 Months Ended
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Jun. 30, 2022
Earnings Per Share [Abstract] |
Computation of Basic and Diluted Earnings Per Share, Including Antidilutive Securities Excluded from Computation of Earnings Per Share | Basic and diluted earnings per share for the three and six months ended June 30, 2022 and 2021, respectively consisted of the following (in thousands, except per share data):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Numerator (Basic and Diluted): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 42,168 |  |  | $ | 31,532 |  |  | $ | 74,951 |  |  | $ | 46,544 |
Change in value for stock settled consideration |  |  | (24 | ) |  |  | (42 | ) |  |  | (38 | ) |  |  | 10 |
Adjusted net income |  | $ | 42,144 |  |  | $ | 31,490 |  |  | $ | 74,913 |  |  | $ | 46,554 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares issued and outstanding |  |  | 39,936 |  |  |  | 39,549 |  |  |  | 39,829 |  |  |  | 39,491 |
Deduct: Unvested RSAs (1) |  |  | (12 | ) |  |  | (14 | ) |  |  | (13 | ) |  |  | (16 | )
Add: Fully vested DSUs (2) |  |  | 124 |  |  |  | 342 |  |  |  | 202 |  |  |  | 342 |
Weighted average common shares outstanding |  |  | 40,048 |  |  |  | 39,877 |  |  |  | 40,018 |  |  |  | 39,817 |
Basic earnings per common share |  | $ | 1.05 |  |  | $ | 0.79 |  |  | $ | 1.87 |  |  | $ | 1.17 |
Diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding from above |  |  | 40,048 |  |  |  | 39,877 |  |  |  | 40,018 |  |  |  | 39,817 |
Add: Dilutive effect of RSUs, RSAs & ESPP |  |  | 213 |  |  |  | 149 |  |  |  | 291 |  |  |  | 182 |
Add: Contingently issuable shares (3) |  |  | 81 |  |  |  | 113 |  |  |  | 81 |  |  |  | 113 |
Weighted average common shares outstanding |  |  | 40,342 |  |  |  | 40,139 |  |  |  | 40,390 |  |  |  | 40,112 |
Diluted earnings per common share |  | $ | 1.04 |  |  | $ | 0.78 |  |  | $ | 1.85 |  |  | $ | 1.16 |
Antidilutive shares excluded from diluted earnings per common share (4) |  |  | 843 |  |  |  | 48 |  |  |  | 843 |  |  |  | 275 |
(1) | RSAs were issued and outstanding to the non-employee directors and have a one-year vesting term subject to service requirements. See Note 9 – “Stock-Based Compensation Plans” for additional information.
(2) | Shares are included in weighted average common shares outstanding as the shares are fully vested but have not yet been delivered. See Note 9 – “Stock-Based Compensation Plans” for additional information.
(3) | Relates to contingently issuable stock settled consideration.
(4) | Primarily pertaining to RSU grants to the Company’s employees and independent contractors.

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- Definition Tabular disclosure of the following: (1) entity's basic and diluted earnings per share (EPS) calculations, including as reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations, (2) securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic EPS in the future that were not included in the computation of the diluted EPS because to do so would increase EPS amount or decrease loss per share amount for the period presented, by anti antidilutive securities and (3) Antidilutive securities excluded from computation of EPS. + References No definition available. + Details
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- References No definition available. + Details
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