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Earnings Per Share (Tables)
9 Months Ended
Sep. 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 September 30,

 

Nine Months Ended September 30,

 

 

2023

 

2022

 

2023

 

2022

 

Net income available for common stock

$

45,383

 

$

34,973

 

$

182,520

 

$

185,914

 

 

 

 

 

 

 

 

 

Weighted average shares - basic

 

67,315

 

 

64,876

 

 

66,652

 

 

64,722

 

Dilutive effect of:

 

 

 

 

 

 

 

 

Equity compensation

 

74

 

 

185

 

 

73

 

 

188

 

Weighted average shares - diluted

 

67,389

 

 

65,061

 

 

66,725

 

 

64,910

 

 

 

 

 

 

 

 

 

Earnings per share of common stock:

 

 

 

 

 

 

 

 

Earnings per share, Basic

$

0.67

 

$

0.54

 

$

2.74

 

$

2.87

 

Earnings per share, Diluted

$

0.67

 

$

0.54

 

$

2.74

 

$

2.86

 

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 September 30,

 

Nine Months Ended September 30,

 

 

2023

 

2022

 

2023

 

2022

 

Equity compensation

 

74

 

 

-

 

 

48

 

 

-

 

Restricted stock

 

-

 

 

-

 

 

-

 

 

-

 

Anti-dilutive shares

 

74

 

 

-

 

 

48

 

 

-