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Earnings per Common Share | 6 Months Ended
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Jun. 30, 2022
Earnings Per Share [Abstract] |
Earnings Per Common Share | Earnings Per Common ShareThe Company applies the two-class method of computing basic and diluted EPS. Under the two-class method, EPS is determined for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. The Company has issued restricted shares under share-based compensation plans which qualify as participating securities. The following table sets forth the computation of basic and diluted EPS for the periods presented:
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
|  | (in thousands except per share amounts)
Basic EPS: |  |  |  |  |  |  |  |
Net income |  | $ | 58,808 |  |  | $ | 55,039 |  |  | $ | 116,330 |  |  | $ | 106,892 |
Less: Earnings allocated to participating securities: |  |  |  |  |  |  |  |
Nonvested restricted shares |  | — |  |  | 70 |  |  | 47 |  |  | 227 |
Earnings allocated to common shareholders |  | $ | 58,808 |  |  | $ | 54,969 |  |  | $ | 116,283 |  |  | $ | 106,665 |
Weighted average common shares outstanding |  | 78,049 |  | 70,987 |  | 77,989 |  |  | 70,924 |
Basic earnings per common share |  | $ | 0.75 |  |  | $ | 0.77 |  |  | $ | 1.49 |  |  | $ | 1.50 |
Diluted EPS: |  |  |  |  |  |  |  |
Earnings allocated to common shareholders |  | $ | 58,808 |  |  | $ | 54,969 |  |  | $ | 116,283 |  |  | $ | 106,665 |
Weighted average common shares outstanding |  | 78,049 |  | 70,987 |  | 77,989 |  |  | 70,924 |
Dilutive effect of equity awards |  | 65 |  |  | 177 |  |  | 110 |  |  | 155 |
Weighted average diluted common shares outstanding |  | 78,114 |  | 71,164 |  | 78,099 |  |  | 71,079 |
Diluted earnings per common share |  | $ | 0.75 |  |  | $ | 0.77 |  |  | $ | 1.49 |  |  | $ | 1.50 |
Potentially dilutive RSAs and RSUs that were not included in the computation of diluted EPS because to do so would be anti-dilutive |  | 600 |  |  | 248 |  |  | 389 |  |  | 158 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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