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Earnings Per Share
 3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Diluted earnings per share is calculated using both the two-class and the treasury stock methods with the more dilutive method used to determine diluted earnings per share. For the three months ended March 31, 2021 and 2020, diluted EPS was reported using the two-class method. The following table reconciles the numerators and denominators of basic and diluted earnings per share calculations for the periods presented.
Three months ended March 31,
(in thousands, except share and per share data)20212020
Numerator for Earnings per Share—Basic:
Net income$31,902 $13,231 
Less: Income allocated to participating shares141 29 
Net Income Allocated to Shareholders$31,761 $13,202 
Numerator for Earnings per Share—Diluted:
Net income$31,902 $13,231 
Net Income Available to Shareholders$31,902 $13,231 
Denominators for Earnings per Share:
Weighted Average Shares Outstanding—Basic39,021,208 39,271,540 
Add: Potentially dilutive shares99,922 108,116 
Denominator for Treasury Stock Method—Diluted39,121,130 39,379,656 
Weighted Average Shares Outstanding—Basic39,021,208 39,271,540 
Add: Average participating shares outstanding— 54,398 
Denominator for Two-Class Method—Diluted39,021,208 39,325,938 
Earnings per share—basic$0.81 $0.34 
Earnings per share—diluted$0.81 $0.34 
Restricted stock considered anti-dilutive excluded from potentially dilutive shares165 41