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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Schedule of Reconciliation of Numerators and Denominators of Basic Earnings (Loss) Per Share with Diluted Earnings Per Share | The following table reconciles the numerators and denominators of basic and diluted earnings per share calculations for the periods presented:
| Three months ended September 30, |  | Nine months ended September 30,
(in thousands, except share and per share data) | 2023 |  | 2022 |  | 2023 |  | 2022
Numerator for Earnings per Share—Basic and Diluted: |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 33,468 |  |  |  | $ | 37,249 |  |  |  | $ | 107,734 |  |  |  | $ | 95,250 |
Less: Income allocated to participating shares |  | 32 |  |  |  | 98 |  |  |  | 138 |  |  |  | 223 |
Net Income Allocated to Shareholders |  | $ | 33,436 |  |  |  | $ | 37,151 |  |  |  | $ | 107,596 |  |  |  | $ | 95,027 |
Denominator for Earnings per Share—Basic: |  |  |  |  |  |  |  |  |  |  |
Weighted Average Shares Outstanding—Basic |  | 38,174,804 |  |  |  | 38,937,771 |  |  |  | 38,514,617 |  |  |  | 39,030,325 |
Denominator for Earnings per Share—Two-Class Method—Diluted: |  |  |  |  |  |  |  |  |  |  |
Weighted Average Shares Outstanding—Basic |  | 38,174,804 |  |  |  | 38,937,771 |  |  |  | 38,514,617 |  |  |  | 39,030,325 |
Add: Average participating shares outstanding |  | 161,212 |  |  |  | 37,374 |  |  |  | 154,347 |  |  |  | 18,826 |
Denominator for Two-Class Method—Diluted |  | 38,336,016 |  |  |  | 38,975,145 |  |  |  | 38,668,964 |  |  |  | 39,049,151 |
Earnings per share—basic |  | $ | 0.88 |  |  |  | $ | 0.95 |  |  |  | $ | 2.79 |  |  |  | $ | 2.43 |
Earnings per share—diluted |  | $ | 0.87 |  |  |  | $ | 0.95 |  |  |  | $ | 2.78 |  |  |  | $ | 2.43 |
Restricted stock considered anti-dilutive excluded from potentially dilutive shares |  | 721 |  |  |  | 655 |  |  |  | 231 |  |  |  | 1,027 |

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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 + Details
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