Earnings Per Share

6 Months Ended

Jun. 30, 2021

Note 9. Earnings Per Share

The following schedule reconciles the computation of basic and diluted earnings per share for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
In thousands, except per share amounts	2021		2020		2021		2020
Numerator:
Net income	$	20,166	$	7,470	$	45,688	$	1,145
Denominator:
Weighted-average shares outstanding for basic earnings per share		10,200		10,962		10,371		10,929
Effect of dilutive securities		597		51		560		201
Weighted-average shares adjusted for dilutive securities		10,797		11,013		10,931		11,130
Earnings per share:
Basic	$	1.98	$	0.68	$	4.41	$	0.10
Diluted	$	1.87	$	0.68	$	4.18	$	0.10

Options to purchase 18 thousand and 1.0 million shares of common stock were outstanding during the three and six months ended June 30, 2021 and 2020, respectively, but were not included in the computation of diluted earnings per share because they were anti-dilutive.