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Stockholders' Equity (Tables) | 3 Months Ended
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Mar. 31, 2023
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, |  |
| 2023 |  | 2022 |  |  |  |
| (In thousands, except shares)
Net income: |  |  |  |  |  |  |
Net income | $ | 20,457 |  |  | $ | 19,757 |  |  |  |  |
Dividends and undistributed earnings allocated to participating securities (1) | — |  |  | — |  |  |  |  |
Net income allocated to common shareholders | $ | 20,457 |  |  | $ | 19,757 |  |  |  |  |
Basic: |  |  |  |  |  |  |
Weighted average common shares outstanding | 35,108,390 |  |  | 35,094,725 |  |  |  |  |
Diluted: |  |  |  |  |  |  |
Basic weighted average common shares outstanding | 35,108,390 |  |  | 35,094,725 |  |  |  |  |
Effect of potentially dilutive common shares (1) | 336,950 |  |  | 317,373 |  |  |  |  |
Total diluted weighted average common shares outstanding | 35,445,340 |  |  | 35,412,098 |  |  |  |  |
| Three Months Ended March 31, |  |
| 2023 |  | 2022 |  |  |  |
| (In thousands, except shares)
Potentially dilutive shares that were excluded from the computation of diluted earnings per share because to do so would be anti-dilutive (2) | 88,488 |  |  | 17,041 |  |  |  |  |
(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, 2023 and the calendar year 2022:
Declared |  | Cash Dividend per Share |  | Record Date |  | Paid Date |  |
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 |  |
October 19, 2022 |  | $0.21 |  | November 2, 2022 |  | November 16, 2022 |  |
January 25, 2023 |  | $0.22 |  | February 8, 2023 |  | February 22, 2023 |  |
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 March 31, |  |  |  |
| 2023 |  | 2022 |  |  |  |  |  | Plan Total(1)
Repurchased shares | 88,355 |  |  | 80,559 |  |  |  |  |  |  | 1,249,195 |
Stock repurchase average share price | $ | 22.82 |  |  | $ | 25.17 |  |  |  |  |  |  | $ | 23.86 |
(1)Represents total 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 March 31, |  |
| 2023 |  | 2022 |  |  |  |
Repurchased shares to pay withholding taxes | 26,724 |  |  | 24,531 |  |  |  |  |
Stock repurchase to pay withholding taxes average share price | $ | 22.84 |  |  | $ | 25.46 |  |  |  |  |

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