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Earnings Per Share | 9 Months Ended
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Sep. 30, 2025
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. The treasury stock method was used to determine earnings per share for the three and nine months ended September 30, 2025 and the three months ended September 30, 2024. The two-class method was used to determine EPS for the nine months ended September 30, 2024. The following table reconciles the numerators and denominators of basic and diluted EPS calculations for the periods presented:
|  |  |  |  |  |  | Nine Months Ended September 30,
| Three months ended September 30, |
(in thousands, except share and per share data) | 2025 |  | 2024 |  | 2025 |  | 2024 |  |  |
Numerator for Earnings per Share—Basic and Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income—Treasury Stock Method—Basic and Diluted |  | $ | 34,962 |  |  |  | $ | 32,590 |  |  |  | $ | 100,263 |  |  |  | $ | 98,200 |  |  |  |
Less: Income allocated to participating shares |  | — |  |  |  | — |  |  |  | — |  |  |  | 13 |  |  |  |
Net Income Allocated to Shareholders—Two-Class Method—Basic and Diluted |  | $ | 34,962 |  |  |  | $ | 32,590 |  |  |  | $ | 100,263 |  |  |  | $ | 98,187 |  |  |  |
Denominator for Earnings per Share—Treasury Stock Method: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted Average Shares Outstanding—Basic |  | 38,346,949 |  |  |  | 38,255,184 |  |  |  | 38,315,498 |  |  |  | 38,230,458 |  |  |  |
Add: Potentially dilutive shares |  | 248,169 |  |  |  | 305,225 |  |  |  | 295,543 |  |  |  | 336,400 |  |  |  |
Denominator for Treasury Stock Method—Diluted |  | 38,595,118 |  |  |  | 38,560,409 |  |  |  | 38,611,041 |  |  |  | 38,566,858 |  |  |  |
Denominator for Earnings per Share—Two-Class Method: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted Average Shares Outstanding—Basic |  | 38,346,949 |  |  |  | 38,255,184 |  |  |  | 38,315,498 |  |  |  | 38,230,458 |  |  |  |
Add: Average participating shares outstanding |  | 248,169 |  |  |  | 305,225 |  |  |  | 295,543 |  |  |  | 333,263 |  |  |  |
Denominator for Two-Class Method—Diluted |  | 38,595,118 |  |  |  | 38,560,409 |  |  |  | 38,611,041 |  |  |  | 38,563,721 |  |  |  |
Earnings per share—basic |  | $ | 0.91 |  |  |  | $ | 0.85 |  |  |  | $ | 2.62 |  |  |  | $ | 2.57 |  |  |  |
Earnings per share—diluted |  | $ | 0.91 |  |  |  | $ | 0.85 |  |  |  | $ | 2.60 |  |  |  | $ | 2.55 |  |  |  |
Restricted stock considered anti-dilutive excluded from potentially dilutive shares |  | 3 |  |  |  | 70 |  |  |  | 20 |  |  |  | 247 |  |  |  |

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