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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Computation of Basic and Diluted 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