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Earnings Per Common Share (Tables)

9 Months Ended

Sep. 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 September 30,												Nine Months Ended September 30,
			2023						2022						2023						2022
Net income			$	30,666					$	35,661					$	96,816					$	93,924
Weighted average number of common shares outstanding, basic			55,486,700						55,349,547						55,441,980						55,399,424
Dilutive effect of common stock equivalents:
Options			—						249						—						1,606
Warrants			—						1,708						432						1,749
RSU awards			640,714						624,576						638,495						661,173
PSU awards			165,868						81,268						126,787						37,393
DSU awards			16,792						10,414						14,996						14,275
ESPP			5,418						5,402						7,934						8,136
Weighted average number of common shares outstanding, diluted			56,315,492						56,073,164						56,230,624						56,123,756
Basic earnings per common share			$	0.55					$	0.64					$	1.75					$	1.70
Diluted earnings per common share			$	0.54					$	0.64					$	1.72					$	1.67

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 September 30,												Nine Months Ended September 30,
			2023						2022						2023						2022
Anti-dilutive common stock equivalents
Options			21,926						—						22,219						10,389
RSU awards			—						—						52,594						51,883
PSU awards			85,074						160,391						137,918						226,771
Total anti-dilutive common stock equivalents			107,000						160,391						212,731						289,043

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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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