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Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Schedule of computation of earnings per common share

Earnings per common share have been computed as follows (dollars in thousands, except per share amounts):

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Net income			$	29,364					$	29,824					$	66,150					$	58,263
Weighted average number of common shares outstanding, basic			55,440,277						55,421,887						55,419,250						55,424,776
Dilutive effect of common stock equivalents:
Options			—						—						—						2,284
Warrants			—						1,686						648						1,770
RSU awards			622,993						655,368						637,385						679,471
PSU awards			123,849						14,534						107,247						15,456
DSU awards			3,851						3,039						14,098						16,206
ESPP			4,831						7,503						9,192						9,503
Weighted average number of common shares outstanding, diluted			56,195,801						56,104,017						56,187,820						56,149,466
Basic earnings per common share			$	0.53					$	0.54					$	1.19					$	1.05
Diluted earnings per common share			$	0.52					$	0.53					$	1.18					$	1.04

Schedule of average shares excluded from computation of diluted earnings per common share

Average shares that were excluded from the computation of diluted earnings per common share because their effect would have been anti-dilutive are summarized in the table below for the periods presented:

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Anti-dilutive common stock equivalents
Options			21,926						31,166						22,366						15,583
RSU awards			157,781						155,649						78,891						77,824
PSU awards			63,220						278,472						164,339						259,962
Total anti-dilutive common stock equivalents			242,927						465,287						265,596						353,369

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

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

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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