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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2024
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 EPS calculations for the periods presented:
| Three months ended June 30, |  | Six months ended June 30,
(in thousands, except share and per share data) | 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |
Numerator for Earnings per Share—Basic and Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 34,371 |  |  |  | $ | 34,467 |  |  |  | $ | 65,610 |  |  |  | $ | 74,266 |  |  |  |
Less: Income allocated to participating shares |  | — |  |  |  | 33 |  |  |  | 10 |  |  |  | 107 |  |  |  |
Net Income Allocated to Shareholders |  | $ | 34,371 |  |  |  | $ | 34,434 |  |  |  | $ | 65,600 |  |  |  | $ | 74,159 |  |  |  |
Denominator for Earnings per Share—Treasury Stock Method: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted Average Shares Outstanding—Basic |  | 38,243,859 |  |  |  | 38,510,772 |  |  |  | 38,217,944 |  |  |  | 38,687,342 |  |  |  |
Add: Potentially dilutive shares |  | 287,833 |  |  |  | 131,886 |  |  |  | 277,678 |  |  |  | 175,013 |  |  |  |
Denominator for Treasury Stock Method—Diluted |  | 38,531,692 |  |  |  | 38,642,658 |  |  |  | 38,495,622 |  |  |  | 38,862,355 |  |  |  |
Denominator for Earnings per Share—Two-Class Method: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted Average Shares Outstanding—Basic |  | 38,243,859 |  |  |  | 38,510,772 |  |  |  | 38,217,944 |  |  |  | 38,687,342 |  |  |  |
Add: Average participating shares outstanding |  | 287,833 |  |  |  | 103,250 |  |  |  | 271,338 |  |  |  | 134,544 |  |  |  |
Denominator for Two-Class Method—Diluted |  | 38,531,692 |  |  |  | 38,614,022 |  |  |  | 38,489,282 |  |  |  | 38,821,886 |  |  |  |
Earnings per share—basic |  | $ | 0.90 |  |  |  | $ | 0.89 |  |  |  | $ | 1.72 |  |  |  | $ | 1.92 |  |  |  |
Earnings per share—diluted |  | $ | 0.89 |  |  |  | $ | 0.89 |  |  |  | $ | 1.70 |  |  |  | $ | 1.91 |  |  |  |
Restricted stock considered anti-dilutive excluded from potentially dilutive shares |  | 323 |  |  |  | 3,331 |  |  |  | 181 |  |  |  | 1,849 |  |  |  |

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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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