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Condensed Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Common Stock
Cumulative Effect, Period of Adoption, Adjustment
Treasury Stock
Treasury Stock
Cumulative Effect, Period of Adoption, Adjustment
Additional Paid-in Capital
Additional Paid-in Capital
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjustment
Beginning balance (in shares) at Dec. 31, 2020     51,679,516                  
Beginning balance at Dec. 31, 2020 $ 624,428   $ 523   $ (6,061)   $ 522,911   $ 77,652   $ 29,403  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 27,612   0   0   0   27,612   0  
Change in unrealized depreciation of available-for-sale securities (2,674)   $ 0   0   0   0   (2,674)  
Other comprehensive loss (2,674)                      
Issuance of shares from equity-based awards (in shares)     243,357                  
Issuance of shares from equity-based awards (496)   $ 2   0   (498)   0   0  
Open market common share repurchases (13,939)   $ 0   (13,939)   0   0   0  
Open market common share repurchases (in shares)     (964,193)                  
Employee receivables from sale of stock 35   $ 0   0   0   35   0  
Stock-based compensation 2,224   $ 0   0   2,224   0   0  
Ending balance (in shares) at Jun. 30, 2021     50,958,680                  
Ending balance at Jun. 30, 2021 637,190   $ 525   (20,000)   524,637   105,299   26,729  
Beginning balance (in shares) at Mar. 31, 2021     51,678,669                  
Beginning balance at Mar. 31, 2021 628,834   $ 523   (7,113)   523,156   89,722   22,546  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 15,577   0   0   0   15,577   0  
Other comprehensive loss 4,183   $ 0   0   0   0   4,183  
Issuance of shares from equity-based awards (in shares)     155,707                  
Issuance of shares from equity-based awards (92)   $ 2   0   (94)   0   0  
Open market common share repurchases (12,887)   $ 0   (12,887)   0   0   0  
Open market common share repurchases (in shares)     (875,696)                  
Stock-based compensation 1,575   $ 0   0   1,575   0   0  
Ending balance (in shares) at Jun. 30, 2021     50,958,680                  
Ending balance at Jun. 30, 2021 637,190   $ 525   (20,000)   524,637   105,299   26,729  
Beginning balance (in shares) at Dec. 31, 2021     50,450,045                  
Beginning balance at Dec. 31, 2021 667,573   $ 526   (28,347)   526,806   147,099   21,489  
Beginning balance (ASU 2016-13 [Member]) at Dec. 31, 2021 [1]   $ (2,610)   $ 0   $ 0   $ 0   $ (2,610)   $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 32,373   0   0   0   32,373   0  
Change in unrealized depreciation of available-for-sale securities (70,918)   $ 0   0   0   0   (70,918)  
Other comprehensive loss (70,918)                      
Issuance of shares from equity-based awards (in shares)     348,729                  
Issuance of shares from equity-based awards (657)   $ 3   0   (660)   0   0  
Open market common share repurchases (20,154)   $ 0   (20,154)   0   0   0  
Open market common share repurchases (in shares)     (1,296,325)                  
Employee receivables from sale of stock 6   $ 0   0   0   6   0  
Stock-based compensation 2,235   $ 0   0   2,235   0   0  
Exercise of warrants (in shares)     33,500                  
Exercise of warrants 167   $ 0   0   167   0   0  
Ending balance (in shares) at Jun. 30, 2022     49,535,949                  
Ending balance at Jun. 30, 2022 608,015   $ 529   (48,501)   528,548   176,868   (49,429)  
Beginning balance (in shares) at Mar. 31, 2022     49,728,253                  
Beginning balance at Mar. 31, 2022 623,199   $ 529   (45,109)   527,468   161,323   (21,012)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 15,545   0   0   0   15,545   0  
Other comprehensive loss (28,417)   $ 0   0   0   0   (28,417)  
Issuance of shares from equity-based awards (in shares)     45,689                  
Issuance of shares from equity-based awards (40)   $ 0   0   (40)   0   0  
Open market common share repurchases (3,392)   $ 0   (3,392)   0   0   0  
Open market common share repurchases (in shares)     (237,993)                  
Stock-based compensation 1,120   $ 0   0   1,120   0   0  
Ending balance (in shares) at Jun. 30, 2022     49,535,949                  
Ending balance at Jun. 30, 2022 $ 608,015   $ 529   $ (48,501)   $ 528,548   $ 176,868   $ (49,429)  
[1]
(1)
 
Includes the impact of implementing Accounting Standards Update (“ASU”)
 
2016-13, Financial Instruments - Credit Losses (Accounting Standard Codification
 
(“ASC”) 326):
Measurement of Credit Losses on Financial Instruments.
 
See “Note 1: Nature of Operations and Summary of Significant Accounting
 
Policies” in the Notes to Condensed
Consolidated Financial Statements (unaudited) for more information on the
 
Company’s adoption of this guidance
 
and the impact to the Company’s
 
results of operations.