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Earnings Per Share
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per share represent income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustments to income that would result from assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock units (RSUs), and are determined using the treasury stock method. Earnings per share have been computed based on the following:
Three months ended March 31,
(in thousands)20252024
Net income$26,363 $27,749 
Average number of common shares outstanding32,953 33,245 
Effect of dilutive stock options and restricted stock176 125 
Average number of common shares outstanding used to calculate diluted earnings per share33,129 33,370 
Options excluded from diluted earnings per share because of their antidilutive effect— —