Dividends and Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Dividends and Earnings Per Share

Schedule of cash dividends paid or declared

Declaration Date	Record Date	Date Paid	Amount Per Share
February 21, 2020	March 31, 2020	April 15, 2020	$	0.06
May 1, 2020	June 30, 2020	July 15, 2020		0.06
July 31, 2020	September 30, 2020	October 15, 2020		0.06
November 5, 2020	December 31, 2020	January 15, 2021		0.06
February 19, 2021	March 31, 2021	April 15, 2021		0.06
May 4, 2021	June 30, 2021	July 15, 2021		0.06
August 3, 2021	September 30, 2021	October 15, 2021		0.06
November 3, 2021	December 31, 2021	January 14, 2022		0.06
February 24, 2022	March 31, 2022	April 15, 2022		0.06
May 4, 2022	June 30, 2022	July 15, 2022		0.06
August 3, 2022	September 30, 2022	October 15, 2022		0.06
November 3, 2022	December 31, 2022	January 13, 2023		0.06

Schedule of computation of basic and diluted earnings per share

The table below presents the computation of basic and diluted earnings per share for the years ended December 31, 2022, 2021 and 2020 (in thousands, except per share amounts):

	Year Ended December 31,
	2022		2021		2020
Numerator:
Net income	$	133,021	$	115,739	$	104,983
Denominator:
Weighted average shares for computation of basic earnings per share:		53,200		52,674		48,303
Dilutive effect of shares issued to independent directors		4		3		5
Dilutive effect of RSUs		555		484		325
Weighted average shares for computation of diluted earnings per share		53,759		53,161		48,633
Earnings per share:
Basic	$	2.50	$	2.19	$	2.17
Diluted	$	2.47	$	2.17	$	2.16