Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019, 2018 and 2017:



	Year Ended December 31,
	2019			2018			2017
	(In thousands)
Net income:
Net income	$	67,557		$	53,057		$	41,791
Dividends and undistributed earnings allocated to participating securities⁽¹⁾	(57		)	(223		)	(293		)
Net income allocated to common shareholders	$	67,500		$	52,834		$	41,498
Basic:
Weighted average common shares outstanding	36,789,244			35,281,408			29,937,400
Restricted stock awards	(31,014		)	(87,405		)	(179,581		)
Total basic weighted average common shares outstanding	36,758,230			35,194,003			29,757,819
Diluted:
Basic weighted average common shares outstanding	36,758,230			35,194,003			29,757,819
Effect of potentially dilutive common shares⁽²⁾	227,536			177,587			91,512
Total diluted weighted average common shares outstanding	36,985,766			35,371,590			29,849,331

⁽¹⁾ Represents dividends paid and undistributed earnings allocated to nonvested restricted stock awards.

⁽²⁾ 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, 2019, 2018 and 2017:



Declared	Cash Dividend per Share	Record Date	Paid Date
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	*
January 23, 2019	$0.18	February 7, 2019	February 21, 2019
April 24, 2019	$0.18	May 8, 2019	May 22, 2019
July 24, 2019	$0.19	August 8, 2019	August 22, 2019
October 23, 2019	$0.19	November 7, 2019	November 21, 2019
October 23, 2019	$0.10	November 7, 2019	November 21, 2019	*

* Denotes a special dividend.

Schedule of repurchased shares

The following table provides repurchased shares for the periods indicated:



	Year Ended December 31,
	2019		2018		2017
Repurchased shares to pay withholding taxes ⁽¹⁾	28,479		53,256		29,429
Stock repurchase to pay withholding taxes average share price	$	30.83	$	31.99	$	25.01

⁽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 an average share price of $31.80 under the terms of the Puget Sound Merger. See Note (2) Business Combinations.