Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2018

Stockholders' Equity Note [Abstract]

Schedule of earnings per share reconciliation

The following table illustrates the reconciliation of weighted average shares used for earnings per common share computations for the years ended December 31, 2018, 2017 and 2016:

	Year Ended December 31,
	2018			2017			2016
	(In thousands)
Net income:
Net income	$	53,057		$	41,791		$	38,918
Dividends and undistributed earnings allocated to participating securities	(321		)	(293		)	(358		)
Net income allocated to common shareholders	$	52,736		$	41,498		$	38,560
Basic:
Weighted average common shares outstanding	35,281,408			29,937,400			29,963,365
Restricted stock awards	(87,405		)	(179,581		)	(285,063		)
Total basic weighted average common shares outstanding	35,194,003			29,757,819			29,678,302
Diluted:
Basic weighted average common shares outstanding	35,194,003			29,757,819			29,678,302
Effect of potentially dilutive common shares(1)	177,587			91,512			13,851
Total diluted weighted average common shares outstanding	35,371,590			29,849,331			29,692,153

⁽¹⁾ Represents the effect of the assumed exercise of stock options and vesting of restricted stock awards and units.

Schedule of dividends activity

The following table summarizes the dividend activity for the years ended December 31, 2018, 2017 and 2016:

Declared	Cash Dividend per Share	Record Date	Paid Date
January 27, 2016	$0.11	February 10, 2016	February 24, 2016
April 20, 2016	$0.12	May 5, 2016	May 19, 2016
July 20, 2016	$0.12	August 4, 2016	August 18, 2016
October 26, 2016	$0.12	November 8, 2016	November 22, 2016
October 26, 2016	$0.25	November 8, 2016	November 22, 2016	*
January 25, 2017	$0.12	February 9, 2017	February 23, 2017
April 25, 2017	$0.13	May 10, 2017	May 24, 2017
July 25, 2017	$0.13	August 10, 2017	August 24, 2017
October 25, 2017	$0.13	November 8, 2017	November 22, 2017
October 25, 2017	$0.10	November 8, 2017	November 22, 2017	*
January 24, 2018	$0.15	February 7, 2018	February 21, 2018
April 25, 2018	$0.15	May 10, 2018	May 24, 2018
July 24, 2018	$0.15	August 9, 2018	August 23, 2018
October 24, 2018	$0.17	November 7, 2018	November 21, 2018
October 24, 2018	$0.10	November 7, 2018	November 21, 2018	*

* Denotes a special dividend.

Schedule of repurchased shares

The following table provides total repurchased shares for the periods indicated:

	Year Ended December 31,
	2018		2017		2016
Repurchased shares to pay withholding taxes (1)	53,256		29,429		29,512
Stock repurchase to pay withholding taxes average share price	$	31.99	$	25.01	$	17.82

⁽¹⁾ During the year ended December 31, 2018, the Company repurchased 26,741 shares related to the withholding taxes due on the accelerated vesting of the restricted stock units of Puget Sound which were converted to Heritage common stock shares with a share price of $31.80 under the terms of the Puget Sound Merger. See Note (2) Business Combinations. There were no shares repurchased as a result of the accelerated vesting of the restricted stock awards related to the Premier Merger.