Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table summarizes the average number of common shares and the net income used in the calculation of basic and diluted earnings per common share ($ in thousands, except share and per share amounts):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
Net income attributable to common stockholders	$	34,468	$	30,814	$	64,540	$	105,327
BASIC:
Weighted average common shares outstanding	44,339,975		45,850,599		45,236,696		45,668,762
DILUTED:
Weighted average common shares outstanding	44,339,975		45,850,599		45,236,696		45,668,762
Stock options	62,607		825		24,427		6,391
Convertible senior notes	—		—		—		13,938
Weighted average dilutive common shares outstanding	44,402,582		45,851,424		45,261,123		45,689,091
Net income attributable to common stockholders - basic	$	0.78	$	0.67	$	1.43	$	2.31
Net income attributable to common stockholders - diluted	$	0.78	$	0.67	$	1.43	$	2.31
Incremental anti-dilutive shares excluded:
Net share effect of stock options with an exercise price in excess of the average market price for our common shares	390,159		505,459		501,183		308,313
Regular dividends declared per common share	$	0.90	$	0.90	$	2.70	$	2.9025