XML 57 R32.htm IDEA: XBRL DOCUMENT v3.21.1

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31, 2021 and March 31, 2020:

			Three Months Ended March 31,
			2021						2020
			(In thousands, except shares)
Net income:
Net income			$	25,344					$	12,191
Dividends and undistributed earnings allocated to participating securities (1)			—						(6)
Net income allocated to common shareholders			$	25,344					$	12,185
Basic:
Weighted average common shares outstanding			35,926,950						36,357,812
Restricted stock awards			—						(15,722)
Total basic weighted average common shares outstanding			35,926,950						36,342,090
Diluted:
Basic weighted average common shares outstanding			35,926,950						36,342,090
Effect of potentially dilutive common shares (2)			305,254						254,551
Total diluted weighted average common shares outstanding			36,232,204						36,596,641
Potentially dilutive shares that were excluded from the computation of diluted earnings per share because to do so would be anti-dilutive (3)			15,538						21,475

(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.

(3) Anti-dilution occurs when the exercise price of a stock option or the unrecognized compensation cost per share of a restricted stock award exceeds the market price of the Company’s stock.

Schedule of dividends activity

The following table summarizes the dividend activity during the three months ended March 31, 2021 and the calendar year 2020:

Declared

Cash Dividend per Share

Record Date

Paid Date

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

January 27, 2021

$0.20

February 10, 2021

February 24, 2021

Stock Repurchased During Period

The following table provides total repurchased shares and average share prices under the applicable plans for the periods indicated:

			Three Months Ended March 31,
			2021						2020						Plan Total(1)
Eleventh Stock Repurchase Plan
Repurchased shares			—						639,922						1,512,600
Stock repurchase average share price			$	—					$	23.95					$	21.69
Twelfth Stock Repurchase Plan
Repurchased shares			—						155,778						155,778
Stock repurchase average share price			$	—					$	20.34					$	20.34

(1)Represents shares repurchased and average price per share paid during the duration of each plan.

Schedule of repurchased shares

The following table provides total shares repurchased to pay withholding taxes during the periods indicated:

			Three Months Ended March 31,
			2021						2020
Repurchased shares to pay withholding taxes			23,246						25,882
Stock repurchase to pay withholding taxes average share price			$	29.54					$	21.79

X

- Definition

Stock Repurchased During Period

+ References

No definition available.

+ Details

Name:	hfwa_StockRepurchasedDuringPeriodTableTextBlock
Namespace Prefix:	hfwa_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information related to dividends declared, including paid and unpaid dividends.

+ References

No definition available.

+ Details

Name:	us-gaap_DividendsDeclaredTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23309-112656

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

+ Details

Name:	us-gaap_ScheduleOfTreasuryStockByClassTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration