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Stockholders' Equity (Tables)
 12 Months Ended
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,
202020192018
(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 outstanding36,018,627 36,789,244 35,281,408 
Restricted stock awards(4,182)(31,014)(87,405)
Total basic weighted average common shares outstanding36,014,445 36,758,230 35,194,003 
Diluted:
Basic weighted average common shares outstanding36,014,445 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 outstanding36,170,066 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:
DeclaredCash Dividend per ShareRecord DatePaid Date
January 24, 2018$0.15February 7, 2018February 21, 2018
April 25, 2018$0.15May 10, 2018May 24, 2018
July 24, 2018$0.15August 9, 2018August 23, 2018
October 24, 2018$0.17November 7, 2018November 21, 2018
October 24, 2018$0.10November 7, 2018November 21, 2018*
January 23, 2019$0.18February 7, 2019February 21, 2019
April 24, 2019$0.18May 8, 2019May 22, 2019
July 24, 2019$0.19August 8, 2019August 22, 2019
October 23, 2019$0.19November 7, 2019November 21, 2019
October 23, 2019$0.10November 7, 2019November 21, 2019*
January 22, 2020$0.20February 6, 2020February 20, 2020
April 29, 2020$0.20May 13, 2020May 27, 2020
July 22, 2020$0.20August 5, 2020August 19, 2020
October 21, 2020$0.20November 4, 2020November 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,
202020192018
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.