| Schedule of Earnings Per Share |
The earnings per share, both basic and diluted, are included below as of December 31, (in thousands except for per share data): | | | | | | | | | | | | | | | | | | | | | | | | | 2021 | | 2020 | | 2019 | Basic earnings per share: | | | | | | | | | | | Weighted-average common shares outstanding | | | | 30,208,663 | | | 29,623,333 | | | 29,891,046 | Net income | | | $ | 20,044 | | $ | 27,825 | | $ | 39,455 | Basic earnings per share | | | $ | 0.66 | | $ | 0.94 | | $ | 1.32 | | | | | | | | | | | | Diluted earnings per share: | | | | | | | | | | | Weighted-average common shares outstanding | | | | 30,208,663 | | | 29,623,333 | | | 29,891,046 | Dilutive effect of unvested restricted awards 1 | | | | 529,199 | | | 550,739 | | | 525,302 | Diluted average common shares outstanding | | | | 30,737,862 | | | 30,174,072 | | | 30,416,348 | | | | | | | | | | | | Net Income | | | $ | 20,044 | | $ | 27,825 | | $ | 39,455 | Diluted earnings per share | | | $ | 0.65 | | $ | 0.92 | | $ | 1.30 | | | | | | | | | | | | | | | | | | | | | | | 1 Includes the common stock equivalents for restricted share rights that are dilutive. | | | | | | | | | |
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