Net Income per Share (Tables)

6 Months Ended

Jun. 30, 2020

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:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2020		2019		2020		2019
Net income	$	51,851	$	28,556	$	113,943	$	104,845
Less distributed and undistributed earnings allocated to participating securities	(276)		(309)		(724)		(1,183)
Net income allocated to common shares	$	51,575	$	28,247	$	113,219	$	103,662
Weighted average common shares outstanding	38,567		40,771		38,684		40,640
Incremental shares from assumed time-vested and performance-based RSU awards and conversions of common stock options	79		145		173		140
Adjusted weighted average common shares outstanding	38,646		40,916		38,857		40,780