Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Common Share

The computation of basic and diluted earnings per common share is as follows:

	Year Ended December 31,
(in thousands, except per share amounts)	2020		2019		2018
Numerator:
Net income	$	75,387	$	222,878	$	216,355
Income allocated to participating securities	(423)		(1,352)		(1,248)
Net income available to common shareholders	$	74,964	$	221,526	$	215,107
Denominator:
Weighted average common shares outstanding - basic	55,175		55,358		56,130
Basic earnings per share	$	1.36	$	4.00	$	3.83
Numerator:
Net income	$	75,387	$	222,878	$	216,355
Income allocated to participating securities	(423)		(1,346)		(1,241)
Net income available to common shareholders	$	74,964	$	221,532	$	215,114
Denominator:
Weighted average common shares outstanding - basic	55,175		55,358		56,130
Diluted effect of stock options and PVRSUs	354		310		471
Weighted average common shares outstanding - diluted	55,529		55,668		56,601
Diluted earnings per share	$	1.35	$	3.98	$	3.80

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities have been excluded from the calculation of diluted weighted average common shares outstanding as the inclusion of these securities would have an anti-dilutive effect:

	Year Ended December 31,
(in thousands)	2020	2019	2018
Stock Options	155	—	106
PVRSUs	231	168	243