Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 30,						Nine months ended September 30,
(in thousands, except share and per share data)	2023			2022			2023			2022
Numerator for Earnings per Share—Basic and Diluted:
Net income		$	33,468		$	37,249		$	107,734		$	95,250
Less: Income allocated to participating shares		32			98			138			223
Net Income Allocated to Shareholders		$	33,436		$	37,151		$	107,596		$	95,027
Denominator for Earnings per Share—Basic:
Weighted Average Shares Outstanding—Basic		38,174,804			38,937,771			38,514,617			39,030,325
Denominator for Earnings per Share—Two-Class Method—Diluted:
Weighted Average Shares Outstanding—Basic		38,174,804			38,937,771			38,514,617			39,030,325
Add: Average participating shares outstanding		161,212			37,374			154,347			18,826
Denominator for Two-Class Method—Diluted		38,336,016			38,975,145			38,668,964			39,049,151
Earnings per share—basic		$	0.88		$	0.95		$	2.79		$	2.43
Earnings per share—diluted		$	0.87		$	0.95		$	2.78		$	2.43
Restricted stock considered anti-dilutive excluded from potentially dilutive shares		721			655			231			1,027