Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Schedule of Reconciliation of Numerators and Denominators of Basic Earnings (Loss) Per Share with Diluted Earnings Per Share

The following table reconciles the numerators and denominators of basic and diluted earnings per share calculations for the periods presented:

	Three months ended June 30,						Six months ended June 30,
(in thousands, except share and per share data)	2023			2022			2023			2022
Numerator for Earnings per Share—Basic and Diluted:
Net income		$	34,467		$	28,858		$	74,266		$	58,001
Less: Income allocated to participating shares		33			74			107			185
Net Income Allocated to Shareholders		$	34,434		$	28,784		$	74,159		$	57,816
Denominator for Earnings per Share—Basic:
Weighted Average Shares Outstanding—Basic		38,510,772			39,083,429			38,687,342			39,077,305
Denominator for Earnings per Share—Treasury Stock Method—Diluted:
Weighted Average Shares Outstanding—Basic		38,510,772			39,083,429			38,687,342			39,077,305
Add: Potentially dilutive shares		131,886			76,491			175,013			96,359
Denominator for Treasury Stock Method—Diluted		38,642,658			39,159,920			38,862,355			39,173,664
Denominator for Earnings per Share—Two-Class Method—Diluted:
Weighted Average Shares Outstanding—Basic		38,510,772			39,083,429			38,687,342			39,077,305
Add: Average participating shares outstanding		103,250			16,202			134,544			18,411
Denominator for Two-Class Method—Diluted		38,614,022			39,099,631			38,821,886			39,095,716
Earnings per share—basic		$	0.89		$	0.74		$	1.92		$	1.48
Earnings per share—diluted		$	0.89		$	0.74		$	1.91		$	1.48
Restricted stock considered anti-dilutive excluded from potentially dilutive shares		3,331			1,500			1,849			94