Net Income Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Summary of the net income allocated to common shares and the basic and diluted shares used in the net income per share computations

The following table summarizes the net income allocated to common shares and the basic and diluted shares used in the net income per share computations:

	Year Ended December 31,
(in thousands)	2019			2018			2017
Net income	$	151,099		$	135,413		$	84,402
Less distributed and undistributed earnings allocated to participating securities	(1,759		)	(1,875		)	(1,517		)
Net income allocated to common shares	$	149,340		$	133,538		$	82,885
Weighted average common shares outstanding	40,186			41,217			41,067
Incremental shares from assumed LTIP awards and conversions of common stock options	166			289			204
Adjusted weighted average common shares outstanding	40,352			41,506			41,271
Potentially dilutive securities not included in weighted average share calculation due to anti-dilutive effect	—			—			—