Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted EPS (in thousands, except share data and per share amounts): 

	Quarter ended June 30,			Six months ended June 30,
	2024		2023	2024	2023
Numerator for earnings per share - Basic and Diluted:
Net income - treasury stock method - Basic and Diluted	$	4,747	33,044	33,910	66,723
Less: Dividends and undistributed earnings allocated to participating securities	7		86	47	174
Net income available to common shareholders - two class method - Basic and Diluted	$	4,740	32,958	33,863	66,549
Denominator for earnings per share - treasury stock method - Basic and Diluted:
Weighted average common shares outstanding - Basic	127,023,522		126,620,383	126,918,878	126,559,784
Add: Potentially dilutive shares	137,853		118,907	426,501	367,074
Denominator for treasury stock method - Diluted	127,161,375		126,739,290	127,345,379	126,926,858
Denominator for earnings per share - two class method - Basic and Diluted:
Weighted average common shares outstanding - Basic	127,023,522		126,620,383	126,918,878	126,559,784
Add: Average participating shares outstanding	175,517		331,088	175,517	331,088
Denominator for two class method - Diluted	127,199,039		126,951,471	127,094,395	126,890,872
Basic earnings per share	$	0.04	0.26	0.27	0.53
Diluted earnings per share	$	0.04	0.26	0.27	0.52
Anti-dilutive awards (1)	2,451		2,902	2,451	2,902

(1) Reflects the total number of shares related to outstanding options that have been excluded from the computation of diluted earnings per share because the impact would have been anti-dilutive.