Net Income per Share (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
(in thousands)	2020		2019		2020		2019
Net income	$	20,009	$	25,859	$	133,952	$	130,704
Less distributed and undistributed earnings allocated to participating securities	(104)		(284)		(792)		(1,546)
Net income allocated to common shares	$	19,905	$	25,575	$	133,160	$	129,158
Weighted average common shares outstanding	38,507		40,168		38,625		40,481
Incremental shares from assumed time-vested and performance-based RSU awards and conversions of common stock options	234		149		193		143
Adjusted weighted average common shares outstanding	38,741		40,317		38,818		40,624