Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

v3.22.2.2
Earnings per Share (Tables)
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share, Including Antidilutive Securities Excluded from Computation of Earnings Per Share
Basic and diluted earnings per share for the three and nine months ended September 30, 2022 and 2021, respectively consisted of the following (in thousands, except per share data):
Three Months Ended
September 30,		 Nine Months Ended
September 30,
2022 2021 2022 2021
Numerator (Basic and Diluted):
Net income $ 21,362  $ 33,924  $ 96,313  $ 80,468 
Change in value for stock settled consideration (12) (2) (50) 8 
Adjusted net income $ 21,350  $ 33,922  $ 96,263  $ 80,476 
Denominator:
Basic
Weighted average common shares issued and outstanding 39,983 39,634 39,881 39,539
Deduct: Unvested RSAs (1)
(12) (13) (12) (14)
Add: Fully vested DSUs (2)
115 319 169 334
Weighted average common shares outstanding 40,086 39,940 40,038 39,859
Basic earnings per common share $ 0.53  $ 0.85  $ 2.40  $ 2.02 
Diluted
Weighted average common shares outstanding from above 40,086 39,940 40,038 39,859
Add: Dilutive effect of RSUs, RSAs & ESPP 131 188 235 176
Add: Contingently issuable shares(3)
85 113 85 113
Weighted average common shares outstanding 40,302 40,241 40,358 40,148
Diluted earnings per common share $ 0.53  $ 0.84  $ 2.39  $ 2.00 
Antidilutive shares excluded from diluted earnings per common share(4)
1,046 112 1,041 363
(1)RSAs were issued and outstanding to the non-employee directors and have a one-year vesting term subject to service requirements. See Note 9 – “Stock-Based Compensation Plans” for additional information.
(2)Shares are included in weighted average common shares outstanding as the shares are fully vested but have not yet been delivered. See Note 9 – “Stock-Based Compensation Plans” for additional information.
(3)Relates to contingently issuable stock settled consideration.
(4)Primarily pertaining to RSU grants to the Company’s employees and independent contractors.