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Stockholders' Equity (Tables)
3 Months Ended
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,
20222021
(In thousands, except shares)
Net income$19,757 $25,344 
Basic:
Weighted average common shares outstanding35,094,725 35,926,950 
Diluted:
Basic weighted average common shares outstanding35,094,725 35,926,950 
Effect of potentially dilutive common shares (1)
317,373 305,254 
Total diluted weighted average common shares outstanding35,412,098 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:
DeclaredCash Dividend per ShareRecord DatePaid Date
January 27, 2021$0.20February 10, 2021February 24, 2021
April 21, 2021$0.20May 5, 2021May 19, 2021
July 21, 2021$0.20August 4, 2021August 18, 2021
October 20, 2021$0.21November 3, 2021November 17, 2021
January 26, 2022$0.21February 9, 2022February 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,
20222021
Plan Total(1)
Repurchased shares80,559 — 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,
20222021
Repurchased shares to pay withholding taxes24,531 23,246 
Stock repurchase to pay withholding taxes average share price$25.46 $29.54