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Stockholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2020
Stockholders' Equity Note [Abstract] |
Schedule of earnings per share reconciliation | The following table illustrates the calculation of weighted average shares used for earnings per common share computations at December 31, 2020, December 31, 2019 and December 31, 2018:
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
| (In thousands, except shares)
Net income: |  |  |  |  |
Net income | $ | 46,570 |  |  | $ | 67,557 |  |  | $ | 53,057 |
Dividends and undistributed earnings allocated to participating securities (1) | (7) |  |  | (57) |  |  | (223) |
Net income allocated to common shareholders | $ | 46,563 |  |  | $ | 67,500 |  |  | $ | 52,834 |
Basic: |  |  |  |  |
Weighted average common shares outstanding | 36,018,627 |  |  | 36,789,244 |  |  | 35,281,408 |
Restricted stock awards | (4,182) |  |  | (31,014) |  |  | (87,405) |
Total basic weighted average common shares outstanding | 36,014,445 |  |  | 36,758,230 |  |  | 35,194,003 |
Diluted: |  |  |  |  |
Basic weighted average common shares outstanding | 36,014,445 |  |  | 36,758,230 |  |  | 35,194,003 |
Effect of potentially dilutive common shares (2) | 155,621 |  |  | 227,536 |  |  | 177,587 |
Total diluted weighted average common shares outstanding | 36,170,066 |  |  | 36,985,766 |  |  | 35,371,590 |
(1) Represents dividends paid and undistributed earnings allocated to unvested restricted stock awards. (2) Represents the effect of the assumed exercise of stock options and vesting of restricted stock awards and units.
Schedule of dividends activity | The following table summarizes the dividend activity during the most recent three year period:
Declared |  | Cash Dividend per Share |  | Record Date |  | Paid Date |  |
January 24, 2018 |  | $0.15 |  | February 7, 2018 |  | February 21, 2018 |  |
April 25, 2018 |  | $0.15 |  | May 10, 2018 |  | May 24, 2018 |  |
July 24, 2018 |  | $0.15 |  | August 9, 2018 |  | August 23, 2018 |  |
October 24, 2018 |  | $0.17 |  | November 7, 2018 |  | November 21, 2018 |  |
October 24, 2018 |  | $0.10 |  | November 7, 2018 |  | November 21, 2018 |  | *
January 23, 2019 |  | $0.18 |  | February 7, 2019 |  | February 21, 2019 |  |
April 24, 2019 |  | $0.18 |  | May 8, 2019 |  | May 22, 2019 |  |
July 24, 2019 |  | $0.19 |  | August 8, 2019 |  | August 22, 2019 |  |
October 23, 2019 |  | $0.19 |  | November 7, 2019 |  | November 21, 2019 |  |
October 23, 2019 |  | $0.10 |  | November 7, 2019 |  | November 21, 2019 |  | *
January 22, 2020 |  | $0.20 |  | February 6, 2020 |  | February 20, 2020 |  |
April 29, 2020 |  | $0.20 |  | May 13, 2020 |  | May 27, 2020 |  |
July 22, 2020 |  | $0.20 |  | August 5, 2020 |  | August 19, 2020 |  |
October 21, 2020 |  | $0.20 |  | November 4, 2020 |  | November 18, 2020 |  |
* Denotes a special dividend.
Schedule of repurchased shares | The following table provides total shares repurchased to pay withholding taxes during the periods indicated:
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Repurchased shares to pay withholding taxes (1) | 28,887 |  |  | 28,479 |  |  | 53,256 |
Stock repurchase to pay withholding taxes average share price | $ | 21.57 |  |  | $ | 30.83 |  |  | $ | 31.99 |
(1) During the year ended December 31, 2018, the Company repurchased 26,741 shares related to the withholding taxes due on the accelerated vesting of the restricted stock units of Puget Sound which were converted to Heritage common stock shares with an average share price of $31.80 under the terms of the Puget Sound Merger. See Note (2) Business Combinations.

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