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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Factors Used in Computation of Earnings Per Share

The factors used in the earnings per share computation follow:

			Three Months Ended September 30,												Nine Months Ended September 30,
(Dollars in thousands)			2023						2022						2023						2022
Basic
Net income to common stockholders			$	11,993					$	15,428					$	29,050					$	82,346
Weighted average common shares outstanding			23,162,614						24,227,020						23,220,331						24,483,054
Basic earnings per common share			$	0.52					$	0.64					$	1.25					$	3.36
Diluted
Net income to common stockholders			$	11,993					$	15,428					$	29,050					$	82,346
Weighted average common shares outstanding			23,162,614						24,227,020						23,220,331						24,483,054
Dilutive effects of:
Assumed exercises of stock options			82,909						85,239						77,286						95,252
Restricted stock awards			80,841						122,723						101,842						162,883
Restricted stock units			84,137						97,512						86,844						96,174
Performance stock units - market based			47,248						117,358						85,218						122,526
Performance stock units - performance based			—						327,016						—						163,508
Employee stock purchase program			1,165						2,389						908						2,245
Average shares and dilutive potential common shares			23,458,914						24,979,257						23,572,429						25,125,642
Diluted earnings per common share			$	0.51					$	0.62					$	1.23					$	3.28

Schedule of Shares not Considered in Computing Diluted Earnings per Common Share

Shares that were not considered in computing diluted earnings per common share because they were antidilutive are as follows:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2023						2022						2023						2022
Stock options			101,138						52,878						104,114						52,878
Restricted stock awards			—						6,348						—						6,348
Restricted stock units			11,250						15,000						11,250						15,000
Performance stock units - market based			14,424						45,296						14,424						45,296
Performance stock units - performance based			—						—						—						—
Employee stock purchase program			—						—						—						—

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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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

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