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Earnings Per Share
9 Months Ended
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)2025202420252024
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—Basic38,346,949 38,255,184 38,315,498 38,230,458 
Add: Potentially dilutive shares248,169 305,225 295,543 336,400 
Denominator for Treasury Stock Method—Diluted38,595,118 38,560,409 38,611,041 38,566,858 
Denominator for Earnings per Share—Two-Class Method:
Weighted Average Shares Outstanding—Basic38,346,949 38,255,184 38,315,498 38,230,458 
Add: Average participating shares outstanding248,169 305,225 295,543 333,263 
Denominator for Two-Class Method—Diluted38,595,118 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 shares70 20 247