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Stockholders' Equity (Tables)
9 Months Ended
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,
2022202120222021
(In thousands, except shares)
Net income$20,990 $20,592 $59,331 $78,638 
Basic:
Weighted average common shares outstanding35,103,984 35,644,192 35,103,048 35,854,258 
Diluted:
Basic weighted average common shares outstanding35,103,984 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 outstanding35,468,890 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:
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
July 20, 2022$0.21August 3, 2022August 17, 2022
Stock Repurchased During Period
The following table provides total repurchased shares and average share prices under the repurchase plan for the periods indicated:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2022202120222021
Plan Total(1)
Repurchased shares— 841,088 100,090 841,088 1,160,840 
Stock repurchase average share price$— $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,
2022202120222021
Repurchased shares to pay withholding taxes100 220 26,280 26,023 
Stock repurchase to pay withholding taxes average share price$26.94 $23.91 $25.40 $29.29