Net Income per Share (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31,
(in thousands)	2021		2020
Net income	$	61,922	$	62,092
Less distributed and undistributed earnings allocated to participating securities	(197)		(462)
Net income allocated to common shares	$	61,725	$	61,630
Weighted average common shares outstanding	38,216		38,802
Incremental shares from assumed time-vested and performance-based RSU awards and conversions of common stock options	623		266
Adjusted weighted average common shares outstanding	38,839		39,068