Net Income per Share (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Net income	$	37,669	$	27,296	$	141,152	$	114,372
Less distributed and undistributed earnings allocated to participating securities	—		(39)		(27)		(219)
Net income allocated to common shares	$	37,669	$	27,257	$	141,125	$	114,153
Weighted average common shares outstanding	38,017		38,524		38,177		38,445
Incremental shares from assumed time-vested and performance-based RSU awards	529		357		431		404
Adjusted weighted average common shares outstanding	38,546		38,881		38,608		38,849
Potentially dilutive securities not included in weighted average share calculation due to anti-dilutive effect	15		—		13		—