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Stockholders' Equity (Tables)
6 Months Ended
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,
2022202120222021
(In thousands, except shares)
Net income$18,584 $32,702 $38,341 $58,046 
Basic:
Weighted average common shares outstanding35,110,334 35,994,740 35,102,572 35,961,032 
Diluted:
Basic weighted average common shares outstanding35,110,334 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 outstanding35,409,524 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:
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
April 20, 2022$0.21May 4, 2022May 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,
2022202120222021
Plan Total(1)
Repurchased shares19,531 — 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,
2022202120222021
Repurchased shares to pay withholding taxes1,649 2,557 26,180 25,803 
Stock repurchase to pay withholding taxes average share price$24.43 $27.47 $25.40 $29.33