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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Reconciliation

A reconciliation of share amounts used to compute earnings per share in the accompanying Consolidated Statements of Income was as follows (in thousands, except per share amounts):

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

2023

 

2022

 

2023

 

2022

 

Net income available for common stock

$

23,053

 

$

33,415

 

$

137,137

 

$

150,941

 

 

 

 

 

 

 

 

 

Weighted average shares - basic

 

66,591

 

 

64,721

 

 

66,315

 

 

64,643

 

Dilutive effect of:

 

 

 

 

 

 

 

 

Equity compensation

 

93

 

 

162

 

 

104

 

 

179

 

Weighted average shares - diluted

 

66,684

 

 

64,883

 

 

66,419

 

 

64,822

 

 

 

 

 

 

 

 

 

Earnings per share of common stock:

 

 

 

 

 

 

 

 

Earnings per share, Basic

$

0.35

 

$

0.52

 

$

2.07

 

$

2.33

 

Earnings per share, Diluted

$

0.35

 

$

0.52

 

$

2.06

 

$

2.33

 

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities were excluded from the diluted earnings per share computation because of their anti-dilutive nature (in thousands):

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

2023

 

2022

 

2023

 

2022

 

Equity compensation

 

76

 

 

-

 

 

47

 

 

-

 

Restricted stock

 

1

 

 

-

 

 

-

 

 

1

 

Anti-dilutive shares

 

77

 

 

-

 

 

47

 

 

1