11. Earnings Per Common Share (EPS). The computation of weighted average shares outstanding and the basic and diluted earnings per common share for the three and nine-month periods ended September 30, 2022 and 2021 consisted of the following (in thousands, except per share amounts): | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | September 30, | | September 30, | | | 2022 | | 2021 | | 2022 | | 2021 | Net income | | $ | 15,272 | | $ | 11,967 | | $ | 41,115 | | $ | 27,841 | Average common shares outstanding | | | 56,835 | | | 56,302 | | | 56,707 | | | 56,033 | Basic EPS | | $ | 0.27 | | $ | 0.21 | | $ | 0.73 | | $ | 0.50 | | | | | | | | | | | | | | Average common shares outstanding | | | 56,835 | | | 56,302 | | | 56,707 | | | 56,033 | Effect of dilutive stock awards | | | 751 | | | 1,247 | | | 866 | | | 1,241 | Total potential shares outstanding | | | 57,586 | | | 57,549 | | | 57,573 | | | 57,274 | Diluted EPS | | $ | 0.27 | | $ | 0.21 | | $ | 0.71 | | $ | 0.49 | | | | | | | | | | | | | | Equity awards excluded as the impact was anti-dilutive (1) | | | 1,641 | | | 419 | | | 1,612 | | | 815 |
| (1) | Does not reflect the impact of incremental repurchases under the treasury stock method. |
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