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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Earnings per Share and Weighted Average Shares Outstanding Used in Calculating Basic and Diluted 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:

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Net income

 

$

11,747

 

 

$

32,909

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares of Common Stock outstanding

 

 

33,034,872

 

 

 

32,945,970

 

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

 

 

341,892

 

 

 

443,621

 

Diluted weighted average shares of Common Stock outstanding

 

 

33,376,764

 

 

 

33,389,591

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.36

 

 

$

1.00

 

Diluted earnings per share

 

$

0.35

 

 

$

0.99