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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (In thousands, except shares)
Net income | $ | 20,990 |  |  | $ | 20,592 |  |  | $ | 59,331 |  |  | $ | 78,638 |
Basic: |  |  |  |  |  |  |
Weighted average common shares outstanding | 35,103,984 |  |  | 35,644,192 |  |  | 35,103,048 |  |  | 35,854,258 |
Diluted: |  |  |  |  |  |  |
Basic weighted average common shares outstanding | 35,103,984 |  |  | 35,644,192 |  |  | 35,103,048 |  |  | 35,854,258 |
Effect of potentially dilutive common shares (1) | 364,906 |  |  | 285,326 |  |  | 335,624 |  |  | 297,794 |
Total diluted weighted average common shares outstanding | 35,468,890 |  |  | 35,929,518 |  |  | 35,438,672 |  |  | 36,152,052 |
Potentially dilutive shares that were excluded from the computation of diluted earnings per share because to do so would be anti-dilutive (2) | 3,026 |  |  | 16,002 |  |  | 13,662 |  |  | 7,083 |
(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 nine months ended September 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 |  |
July 20, 2022 |  | $0.21 |  | August 3, 2022 |  | August 17, 2022 |  |
Stock Repurchased During Period | The following table provides total repurchased shares and average share prices under the repurchase plan for the periods indicated:
| Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
| 2022 |  | 2021 |  | 2022 |  | 2021 |  | Plan Total(1)
Repurchased shares | — |  |  | 841,088 |  |  | 100,090 |  |  | 841,088 |  |  | 1,160,840 |
Stock repurchase average share price | $ | — |  |  | $ | 24.54 |  |  | $ | 25.07 |  |  | $ | 24.54 |  |  | $ | 23.94 |
(1)Represents shares repurchased and average price per share paid during the duration of the repurchase plan.
Schedule of repurchased shares | The following table provides total shares repurchased to pay withholding taxes during the periods indicated:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Repurchased shares to pay withholding taxes | 100 |  |  | 220 |  |  | 26,280 |  |  | 26,023 |
Stock repurchase to pay withholding taxes average share price | $ | 26.94 |  |  | $ | 23.91 |  |  | $ | 25.40 |  |  | $ | 29.29 |

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