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Earnings per Share/Capital Stock (Tables) | 6 Months Ended
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Jun. 30, 2024
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 to calculate basic EPS:
Basic: |  | For The Three Months Ended June 30, |  | For The Six Months Ended June 30,
(in thousands, except per share amounts) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Net income |  | $ | 31,864 |  |  | $ | 38,521 |  |  | $ | 54,999 |  |  | $ | 72,928 |
Less: impact from participating securities |  | 110 |  |  | 112 |  |  | 162 |  |  | 197 |
Total income available to common shareholders |  | $ | 31,754 |  |  | $ | 38,409 |  |  | $ | 54,837 |  |  | $ | 72,731 |
Weighted average Common Shares outstanding, basic |  | 37,309 |  |  | 36,976 |  |  | 37,169 |  |  | 36,972 |
Basic earnings per Common Share |  | $ | 0.85 |  |  | $ | 1.04 |  |  | $ | 1.48 |  |  | $ | 1.97 |
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 used to calculate diluted EPS:
Diluted: |  | For The Three Months Ended June 30, |  | For The Six Months Ended June 30,
(in thousands, except per share amounts) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Common shareholders earnings, basic |  | $ | 31,754 |  |  | $ | 38,409 |  |  | $ | 54,837 |  |  | $ | 72,731 |
Undistributed earnings for dilutive stock options and restricted stock units |  | 54 |  |  | 69 |  |  | 67 |  |  | 117 |
Total common shareholders earnings, diluted |  | $ | 31,808 |  |  | $ | 38,478 |  |  | $ | 54,904 |  |  | $ | 72,848 |
Weighted average Common Shares outstanding, basic |  | 37,309 |  |  | 36,976 |  |  | 37,169 |  |  | 36,972 |
Stock-based compensation (1) |  | 109 |  |  | 91 |  |  | 94 |  |  | 86 |
Weighted average Common Shares outstanding, diluted |  | 37,418 |  |  | 37,067 |  |  | 37,263 |  |  | 37,058 |
Diluted earnings per Common Share |  | $ | 0.85 |  |  | $ | 1.04 |  |  | $ | 1.47 |  |  | $ | 1.97 |
(1) In applying the treasury stock method of reflecting the dilutive effect of outstanding stock-based compensation in calculating diluted EPS, 132,530 and 110,576 restricted stock units, including performance awards to officers of the Company at June 30, 2024 and 2023, respectively, were deemed to be outstanding and included in the calculation of diluted EPS.

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- Definition Tabular disclosure of the effect of income (loss) on basic earnings per share. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482689/260-10-45-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482635/260-10-55-52 + Details
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