Earnings Per Share

9 Months Ended

Sep. 30, 2022

Earnings Per Share:

The computation of basic and diluted earnings per share is shown in the following table:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Basic EPS
Net income (In thousands of dollars)	$	15,446	$	16,011	$	47,241	$	46,142
Weighted average shares outstanding		33,851,596		28,246,206		33,840,958		28,235,732
Basic earnings per share	$	0.46	$	0.57	$	1.40	$	1.63

Diluted EPS
Net income (In thousands of dollars)	$	15,446	$	16,011	$	47,241	$	46,142
Weighted average shares outstanding for basic earnings per share		33,851,596		28,246,206		33,840,958		28,235,732
Dilutive effect of restricted stock awards		80,286		114,355		84,473		102,813
Weighted average shares for diluted earnings per share		33,931,882		28,360,561		33,925,431		28,338,545
Diluted earnings per share	$	0.46	$	0.56	$	1.39	$	1.63

There were 124,492 and 188,992 restricted stock awards that were considered anti-dilutive for the three and nine month periods ended September 30, 2022, respectively. There were 17,495 and 91,247 restricted stock awards that were considered anti-dilutive for the three and nine month periods ended September 30, 2021, respectively.