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Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (In thousands, except shares)
Net income | $ | 18,584 |  |  | $ | 32,702 |  |  | $ | 38,341 |  |  | $ | 58,046 |
Basic: |  |  |  |  |  |  |
Weighted average common shares outstanding | 35,110,334 |  |  | 35,994,740 |  |  | 35,102,572 |  |  | 35,961,032 |
Diluted: |  |  |  |  |  |  |
Basic weighted average common shares outstanding | 35,110,334 |  |  | 35,994,740 |  |  | 35,102,572 |  |  | 35,961,032 |
Effect of potentially dilutive common shares (1) | 299,190 |  |  | 294,724 |  |  | 310,150 |  |  | 307,829 |
Total diluted weighted average common shares outstanding | 35,409,524 |  |  | 36,289,464 |  |  | 35,412,722 |  |  | 36,268,861 |
Potentially dilutive shares that were excluded from the computation of diluted earnings per share because to do so would be anti-dilutive (2) | 16,978 |  |  | 7,065 |  |  | 14,334 |  |  | 4,766 |
(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 six months ended June 30, 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 |  |
April 20, 2022 |  | $0.21 |  | May 4, 2022 |  | May 18, 2022 |  |
Stock Repurchased During Period | The following table provides total repurchased shares and average share prices under the plan for the periods indicated:
| Three Months Ended June 30, |  | Six Months Ended June 30, |  |
| 2022 |  | 2021 |  | 2022 |  | 2021 |  | Plan Total(1)
Repurchased shares | 19,531 |  |  | — |  |  | 100,090 |  |  | — |  |  | 1,160,840 |
Stock repurchase average share price | $ | 24.63 |  |  | $ | — |  |  | $ | 25.07 |  |  | $ | — |  |  | $ | 23.94 |
(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 June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Repurchased shares to pay withholding taxes | 1,649 |  |  | 2,557 |  |  | 26,180 |  |  | 25,803 |
Stock repurchase to pay withholding taxes average share price | $ | 24.43 |  |  | $ | 27.47 |  |  | $ | 25.40 |  |  | $ | 29.33 |

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