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Earnings Per Share (Tables) | 12 Months Ended
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Dec. 31, 2022
Earnings Per Share [Abstract] |
Calculation of Basic and Diluted Earnings Per Share | The calculation of basic and diluted EPS for the years ended December 31, 2022, 2021 and 2020 are presented below.
|  | For the Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | (in thousands, except earnings per share amounts) |
Basic EPS: |  |  |  |  |  |  |  |  |
Net income – basic |  | $ | 55,602 |  |  | $ | 65,756 |  |  | $ | 86,602 |
Basic weighted average common shares |  |  | 19,233 |  |  |  | 19,332 |  |  |  | 19,289 |
Basic earnings per share |  | $ | 2.89 |  |  | $ | 3.40 |  |  | $ | 4.49 |
Diluted EPS: |  |  |  |  |  |  |  |  |
Net income – diluted |  | $ | 55,602 |  |  | $ | 65,756 |  |  | $ | 86,602 |
Diluted weighted average common shares: |  |  |  |  |  |  |  |  |
Weighted average common shares |  |  | 19,233 |  |  |  | 19,332 |  |  |  | 19,289 |
Restricted stock and RSUs |  |  | 89 |  |  |  | 77 |  |  |  | 75 |
Diluted weighted average common shares |  |  | 19,322 |  |  |  | 19,409 |  |  |  | 19,364 |
Diluted earnings per common share |  | $ | 2.88 |  |  | $ | 3.39 |  |  | $ | 4.47 |
Reconciliation of Weighted Average Shares used for Basic and Diluted Earnings Per Share Calculation | The table below sets forth the reconciliation of the weighted average shares used for the basic and diluted EPS calculation.
|  | Years Ended |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Basic weighted average common shares |  |  | 19,233,241 |  |  |  | 19,332,391 |  |  |  | 19,288,996 |
Add: Other common shares eligible for common dividends: |  |  |  |  |  |  |  |  |
Restricted stock and RSUs |  |  | 88,476 |  |  |  | 76,228 |  |  |  | 74,813 |
Diluted weighted average common shares |  |  | 19,321,717 |  |  |  | 19,408,619 |  |  |  | 19,363,809 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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