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Earnings per Share/Capital Stock (Tables) | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Schedule of reconciliation of Registrant's net income and weighted average Common Shares outstanding for calculating basic net income per share | The following is a reconciliation of Registrant’s net income and weighted average Common Shares outstanding used for calculating basic net income per share:
Basic: |  | For The Three Months Ended March 31,
(in thousands, except per share amounts) |  | 2023 |  | 2022
Net income |  | $ | 34,407 |  |  | $ | 14,162 |
Less: (a) Distributed earnings to common shareholders |  | 14,695 |  |  | 13,485 |
Distributed earnings to participating securities |  | 37 |  |  | 31 |
Undistributed earnings |  | 19,675 |  |  | 646 |
(b) Undistributed earnings allocated to common shareholders |  | 19,625 |  |  | 644 |
Undistributed earnings allocated to participating securities |  | 50 |  |  | 2 |
Total income available to common shareholders, basic (a)+(b) |  | $ | 34,320 |  |  | $ | 14,129 |
Weighted average Common Shares outstanding, basic |  | 36,968 |  |  | 36,944 |
Basic earnings per Common Share |  | $ | 0.93 |  |  | $ | 0.38 |
Schedule of reconciliation of Registrant's net income and weighted average Common Shares outstanding for calculating diluted net income per share | The following is a reconciliation of Registrant’s net income and weighted average Common Shares outstanding for calculating diluted net income per share:
Diluted: |  | For The Three Months Ended March 31,
(in thousands, except per share amounts) |  | 2023 |  | 2022
Common shareholders earnings, basic |  | $ | 34,320 |  |  | $ | 14,129 |
Undistributed earnings for dilutive stock-based awards |  | 50 |  |  | 2 |
Total common shareholders earnings, diluted |  | $ | 34,370 |  |  | $ | 14,131 |
Weighted average common shares outstanding, basic |  | 36,968 |  |  | 36,944 |
Stock-based compensation (1) |  | 79 |  |  | 75 |
Weighted average common shares outstanding, diluted |  | 37,047 |  |  | 37,019 |
Diluted earnings per Common Share |  | $ | 0.93 |  |  | $ | 0.38 |
(1) All of the 106,817 a nd 96,586 restricted stock units at March 31, 2023 and 2022, respectively, were included in the calculation of diluted EPS for the three months ended March 31, 2023 and 2022.

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