XML 58 R37.htm IDEA: XBRL DOCUMENT v3.24.3
Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Common Share

The following table presents the computation of basic and diluted earnings per common share for the three and nine months ended September 30 (in thousands, except per share amounts):

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

18,487

 

 

$

14,716

 

 

$

112,840

 

 

$

87,045

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of common shares outstanding-basic

 

 

78,836

 

 

 

76,734

 

 

 

78,463

 

 

 

75,962

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Performance and restricted stock awards

 

 

132

 

 

 

27

 

 

 

82

 

 

 

94

 

Weighted-average number of common shares outstanding-diluted

 

 

78,968

 

 

 

76,761

 

 

 

78,545

 

 

 

76,056

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.23

 

 

$

0.19

 

 

$

1.44

 

 

$

1.15

 

Diluted

 

$

0.23

 

 

$

0.19

 

 

$

1.44

 

 

$

1.14