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EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2022

21. EARNINGS PER SHARE

The table below presents the information used to compute basic and diluted earnings per share for the years ended December 31, 2022, 2021 and 2020:


	Year Ended December 31,
(In thousands, except per share data)	2022		2021		2020
Net income	$	73,928	$	79,894	$	37,273

Weighted-average shares outstanding for basic earnings per share	27,398,445		28,003,744		28,074,543
Add: Dilutive effect of employee stock options and awards	169,335		253,579		106,033


Weighted-average shares outstanding for diluted earnings per share	27,567,780		28,257,323		28,180,576

Basic earnings per share	$	2.70	$	2.85	$	1.33
Diluted earnings per share	$	2.68	$	2.83	$	1.32

There were no potentially anti-dilutive securities that have been excluded from the dilutive share calculation for the years ended December 31, 2022, 2021, and 2020.