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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Common Share

The following table presents the computation of basic and diluted earnings per common share for the three and six months ended June 30 (in thousands, except per share amounts):

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

17,484

 

 

$

11,453

 

 

$

72,329

 

 

$

83,018

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of common shares outstanding-basic

 

 

75,983

 

 

 

72,624

 

 

 

75,576

 

 

 

72,205

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Performance and restricted stock awards

 

 

148

 

 

 

34

 

 

 

127

 

 

 

89

 

Weighted-average number of common shares outstanding-diluted

 

 

76,131

 

 

 

72,658

 

 

 

75,703

 

 

 

72,294

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.23

 

 

$

0.16

 

 

$

0.96

 

 

$

1.15

 

Diluted

 

$

0.23

 

 

$

0.16

 

 

$

0.96

 

 

$

1.15