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Stockholders' Equity (Tables) | 3 Months Ended
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Mar. 31, 2022
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 for the periods indicated:
| Three Months Ended March 31, |  |
| 2022 |  | 2021 |  |  |  |
| (In thousands, except shares)
Net income | $ | 19,757 |  |  | $ | 25,344 |  |  |  |  |
Basic: |  |  |  |  |  |  |
Weighted average common shares outstanding | 35,094,725 |  |  | 35,926,950 |  |  |  |  |
Diluted: |  |  |  |  |  |  |
Basic weighted average common shares outstanding | 35,094,725 |  |  | 35,926,950 |  |  |  |  |
Effect of potentially dilutive common shares (1) | 317,373 |  |  | 305,254 |  |  |  |  |
Total diluted weighted average common shares outstanding | 35,412,098 |  |  | 36,232,204 |  |  |  |  |
Potentially dilutive shares that were excluded from the computation of diluted earnings per share because to do so would be anti-dilutive (2) | 17,041 |  |  | 15,538 |  |  |  |  |
(1)Represents the effect of the vesting of restricted stock units. (2) Anti-dilution occurs when the unrecognized compensation cost per share of a restricted stock unit 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, 2022 and the calendar year 2021:
Declared |  | Cash Dividend per Share |  | Record Date |  | Paid Date |  |
January 27, 2021 |  | $0.20 |  | February 10, 2021 |  | February 24, 2021 |  |
April 21, 2021 |  | $0.20 |  | May 5, 2021 |  | May 19, 2021 |  |
July 21, 2021 |  | $0.20 |  | August 4, 2021 |  | August 18, 2021 |  |
October 20, 2021 |  | $0.21 |  | November 3, 2021 |  | November 17, 2021 |  |
January 26, 2022 |  | $0.21 |  | February 9, 2022 |  | February 23, 2022 |  |
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, |  |  |  |
| 2022 |  | 2021 |  |  |  |  |  | Plan Total(1)
Repurchased shares | 80,559 |  |  | — |  |  |  |  |  |  | 1,141,309 |
Stock repurchase average share price | $ | 25.17 |  |  | $ | — |  |  |  |  |  |  | $ | 23.92 |
(1)Represents shares repurchased and average price per share paid during the duration of the 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, |  |
| 2022 |  | 2021 |  |  |  |
Repurchased shares to pay withholding taxes | 24,531 |  |  | 23,246 |  |  |  |  |
Stock repurchase to pay withholding taxes average share price | $ | 25.46 |  |  | $ | 29.54 |  |  |  |  |

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