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

Basic and diluted earnings per share for the three and six months ended June 30, 2023 and 2022 were calculated as follows:

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Basic net income per share

 

 

 

 

 

 

 

 

 

 

 

Net income available to common stockholders

$

1.7

 

 

$

5.4

 

 

$

1.9

 

 

$

3.4

 

Basic weighted average common shares outstanding

 

32,368,112

 

 

 

31,933,032

 

 

 

32,296,067

 

 

 

32,147,015

 

Basic net income per share of common stock

$

0.05

 

 

$

0.17

 

 

$

0.06

 

 

$

0.11

 

Diluted income per share

 

 

 

 

 

 

 

 

 

 

 

Net income available to common stockholders

$

1.7

 

 

$

5.4

 

 

$

1.9

 

 

$

3.4

 

Basic weighted average common shares outstanding

 

32,368,112

 

 

 

31,933,032

 

 

 

32,296,067

 

 

 

32,147,015

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities

 

363,310

 

 

 

218,480

 

 

 

285,402

 

 

 

220,795

 

Diluted weighted average common shares outstanding

 

32,731,422

 

 

 

32,151,512

 

 

 

32,581,469

 

 

 

32,367,810

 

Diluted net income per share of common stock

$

0.05

 

 

$

0.17

 

 

$

0.06

 

 

$

0.11