Net Income Per Share (Tables)

12 Months Ended

Dec. 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:

	Year Ended December 31,
(in thousands)	2021		2020		2019
Net income	$	124,080	$	138,237	$	151,099
Less distributed and undistributed earnings allocated to participating securities	(210)		(782)		(1,759)
Net income allocated to common shares	$	123,870	$	137,455	$	149,340
Weighted average common shares outstanding	38,431		38,503		40,186
Incremental shares from assumed time-vested and performance-based RSU awards and conversions of common stock options	471		317		166
Adjusted weighted average common shares outstanding	38,902		38,820		40,352
Potentially dilutive securities not included in weighted average share calculation due to anti-dilutive effect	—		133		—