NET INCOME PER COMMON SHARE

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

NET INCOME PER COMMON SHARE

NET INCOME PER COMMON SHARE

The calculation of net income per common share for the periods indicated is presented in the following table:

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars and amounts in thousands, except per share data)	2023		2022		2023		2022
Net income	$	24,745	$	54,800	$	75,998	$	98,735
Distributed and undistributed earnings allocated to participating securities	(33)		(194)		(177)		(476)
Net income attributable to common shareholders	$	24,712	$	54,606	$	75,821	$	98,259
Total weighted average outstanding shares	44,894		45,184		44,860		45,303
Less: Weighted average participating securities	(61)		(160)		(104)		(221)
Basic weighted average common shares	44,833		45,024		44,756		45,082
Dilutive weighted average common stock equivalents	56		87		121		140
Diluted weighted average common shares	44,889		45,111		44,877		45,222
Basic net income per common share	$	0.55	$	1.21	$	1.69	$	2.18
Diluted net income per common share	$	0.55	$	1.21	$	1.69	$	2.17
Anti-dilutive shares	93		—		30		—