Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Reconciliation of Denominators and Additional Shares that are Excluded from the Calculation of EPS

The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2020 and 2019 (in thousands, except for earnings per share):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Weighted-average shares:
Common shares outstanding		35,386		35,839		35,705		35,772
RSAs		95		102		95		103
Total weighted-average shares		35,481		35,941		35,800		35,875
Earnings per common share—Basic
Net income	$	24,104	$	27,455	$	53,058	$	46,653
Less: Undistributed earnings allocated to RSAs		65		78		141		134
Net income available to common shareholders—Basic	$	24,039	$	27,377	$	52,917	$	46,519

Net income per common share—Basic	$	0.68	$	0.76	$	1.48	$	1.30

Basic weighted-average common shares outstanding		35,386		35,839		35,705		35,772
Effect of diluted shares		1,942		1,550		1,975		1,605
Diluted weighted-average shares outstanding		37,328		37,389		37,680		37,377

Net income per common share—Diluted	$	0.64	$	0.73	$	1.40	$	1.24