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Earnings Per Share | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Earnings Per Share |
8. | Earnings Per Share
Basic earnings per share (“EPS”) excludes dilution and is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity (such as the Company’s dilutive stock options and restricted stock units). The following is a reconciliation of basic and diluted EPS and the anti-dilutive stock options and restricted stock outstanding for the periods presented in the unaudited interim consolidated statements of income:
|  | Three Months Ended September 30, |
(In thousands, except per share data) |  | 2023 |  |  | 2022 |
Basic EPS: |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 45,163 |  |  |  | 42,838 |
Net income available to common stockholders |  | $ | 24,606 |  |  | $ | 38,973 |
Basic EPS |  | $ | 0.54 |  |  | $ | 0.91 |
Diluted EPS: |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 45,163 |  |  |  | 42,838 |
Dilutive effect of common stock options and restricted stock |  |  | 236 |  |  |  | 273 |
Weighted average common shares and common share equivalents |  |  | 45,399 |  |  |  | 43,111 |
Net income available to common stockholders |  | $ | 24,606 |  |  | $ | 38,973 |
Diluted EPS |  | $ | 0.54 |  |  | $ | 0.90 |
Anti-dilutive stock options and restricted stock outstanding |  |  | 27 |  |  |  | 2 |
|  | Nine Months Ended September 30, |
(In thousands, except per share data) |  | 2023 |  |  | 2022 |
Basic EPS: |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 43,662 |  |  |  | 42,940 |
Net income available to common stockholders |  | $ | 88,336 |  |  | $ | 115,874 |
Basic EPS |  | $ | 2.02 |  |  | $ | 2.70 |
Diluted EPS: |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 43,662 |  |  |  | 42,940 |
Dilutive effect of common stock options and restricted stock |  |  | 234 |  |  |  | 254 |
Weighted average common shares and common share equivalents |  |  | 43,896 |  |  |  | 43,194 |
Net income available to common stockholders |  | $ | 88,336 |  |  | $ | 115,874 |
Diluted EPS |  | $ | 2.01 |  |  | $ | 2.68 |
Anti-dilutive stock options and restricted stock outstanding |  |  | 25 |  |  |  | 2 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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