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Earnings Per Share
 12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Earnings per Share

Note 12 — Earnings Per Share

The following table illustrates earnings per share and the weighted average shares outstanding used in calculating basic and diluted earnings per share:  

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Net income

 

$

93,434

 

 

$

59,690

 

 

$

48,866

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares of Common Stock outstanding

 

 

33,085,732

 

 

 

32,666,025

 

 

 

33,120,076

 

Dilutive effect of stock options, restricted stock awards and restricted stock units

 

 

423,988

 

 

 

362,079

 

 

 

177,513

 

Diluted weighted average shares of Common Stock outstanding

 

 

33,509,720

 

 

 

33,028,104

 

 

 

33,297,589

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

2.82

 

 

$

1.83

 

 

$

1.48

 

Diluted earnings per share

 

$

2.79

 

 

$

1.81

 

 

$

1.47

 

 

The following table represents Common Stock issuable upon the exercise of certain stock options that have been excluded from the diluted earnings calculation because the effect of their inclusion would be anti-dilutive.

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Anti-dilutive securities share impact

 

 

—

 

 

 

12,000

 

 

 

214,000

 

 

See Note 17 for information about the Company’s different equity incentive plans.