Net Income per Share (Tables)

6 Months Ended

Jun. 30, 2022

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)	2022		2021		2022		2021
Net income	$	33,599	$	25,154	$	103,483	$	87,076
Less distributed and undistributed earnings allocated to participating securities	(1)		(37)		(31)		(193)
Net income allocated to common shares	$	33,598	$	25,117	$	103,452	$	86,883
Weighted average common shares outstanding	38,229		38,591		38,259		38,410
Incremental shares from assumed time-vested and performance-based RSU awards	359		232		382		427
Adjusted weighted average common shares outstanding	38,588		38,823		38,641		38,837
Potentially dilutive securities not included in weighted average share calculation due to anti-dilutive effect	—		—		13		—