Net Income per Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
(in thousands)	2021		2020		2021		2020
Net income	$	25,154	$	51,851	$	87,076	$	113,943
Less distributed and undistributed earnings allocated to participating securities	(37)		(276)		(193)		(724)
Net income allocated to common shares	$	25,117	$	51,575	$	86,883	$	113,219
Weighted average common shares outstanding	38,591		38,567		38,410		38,684
Incremental shares from assumed time-vested and performance-based RSU awards and conversions of common stock options	232		79		427		173
Adjusted weighted average common shares outstanding	38,823		38,646		38,837		38,857