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CALCULATION OF WEIGHTED AVERAGE SHARES OUTSTANDING FOR EARNINGS PER SHARE (EPS) (Tables)

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Weighted Shares Outstanding

The following table reconciles basic to diluted weighted average shares outstanding used to calculate earnings per share data for the three and six months ended June 30, 2025 and 2024 (in thousands, except shares and per share data):

			Three Months Ended June 30,												Six Months Ended June 30,
			2025						2024						2025						2024
Net income			$	45,496					$	39,795					$	90,631					$	77,354
Basic weighted average shares outstanding			34,627,433						34,488,163						34,568,948						34,439,863
Dilutive effect of unvested restricted stock			111,515						48,849						192,096						99,757
Diluted weighted shares outstanding			34,738,948						34,537,012						34,761,044						34,539,620
Earnings per common share
Basic			$	1.31					$	1.15					$	2.62					$	2.25
Diluted			$	1.31					$	1.15					$	2.61					$	2.24
Anti-dilutive restricted stock excluded from the diluted average outstanding share calculation			20,428						119,057						—						119,057

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- References

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- Definition

Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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