Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings Per Common Share

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands, except per share amounts)	2022		2021		2022		2021
Numerator:
Net income	$	106,168	$	85,882	$	173,559	$	108,219
Income allocated to participating securities	(622)		(324)		(919)		(463)
Net income available to common shareholders	$	105,546	$	85,558	$	172,640	$	107,756
Denominator:
Weighted average shares of common stock outstanding – basic	55,446		55,389		55,429		55,326
Basic earnings per share	$	1.90	$	1.54	$	3.11	$	1.95
Numerator:
Net income	$	106,168	$	85,882	$	173,559	$	108,219
Income allocated to participating securities	(622)		(324)		(919)		(463)
Net income available to common shareholders	$	105,546	$	85,558	$	172,640	$	107,756
Denominator:
Weighted average shares of common stock outstanding – basic	55,446		55,389		55,429		55,326
Dilutive effect of stock options and PVRSUs	524		411		583		405
Weighted average shares of common stock outstanding – diluted	55,970		55,800		56,012		55,731
Diluted earnings per share	$	1.89	$	1.53	$	3.08	$	1.93

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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

	Three Months Ended		Six Months Ended
	June 30,		June 30,
(in thousands)	2022	2021	2022	2021
Stock options	155	—	155	—
PVRSUs	76	157	76	157