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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
ASU 2022-02 Adoption
Common stock
Additional paid-in capital
Retained earnings
Retained earnings
ASU 2022-02 Adoption
Accumulated other comprehensive income/(loss)
Beginning balance (in shares) at Dec. 31, 2022     127,028,848        
Beginning balance at Dec. 31, 2022 $ 1,491,486 $ (329) $ 1,270 $ 1,019,647 $ 641,727 $ (329) $ (171,158)
Comprehensive income:              
Net income 66,723       66,723    
Other comprehensive income (loss), net of tax 1,907           1,907
Total comprehensive income 68,630       66,723   1,907
Exercise of stock options (in shares)     41,684        
Exercise of stock options 498   $ 1 497      
Stock-based compensation expense (in shares)     73,775        
Stock-based compensation expense 2,045   $ 1 2,044      
Stock-based compensation forfeited (in shares)     (55,344)        
Stock-based compensation forfeited 0   $ (1) 1      
Dividends paid (50,829)       (50,829)    
Ending balance (in shares) at Jun. 30, 2023     127,088,963        
Ending balance at Jun. 30, 2023 1,511,501   $ 1,271 1,022,189 657,292   (169,251)
Beginning balance (in shares) at Mar. 31, 2023     127,065,400        
Beginning balance at Mar. 31, 2023 1,513,275   $ 1,271 1,020,855 649,672   (158,523)
Comprehensive income:              
Net income 33,044       33,044    
Other comprehensive income (loss), net of tax (10,728)           (10,728)
Total comprehensive income 22,316       33,044   (10,728)
Exercise of stock options (in shares)     3,466        
Exercise of stock options 33     33      
Stock-based compensation expense (in shares)     40,727        
Stock-based compensation expense 1,301   $ 1 1,300      
Stock-based compensation forfeited (in shares)     (20,630)        
Stock-based compensation forfeited 0   $ (1) 1      
Dividends paid (25,424)       (25,424)    
Ending balance (in shares) at Jun. 30, 2023     127,088,963        
Ending balance at Jun. 30, 2023 $ 1,511,501   $ 1,271 1,022,189 657,292   (169,251)
Beginning balance (in shares) at Dec. 31, 2023 127,110,453   127,110,453        
Beginning balance at Dec. 31, 2023 $ 1,551,317   $ 1,271 1,024,852 674,686   (149,492)
Comprehensive income:              
Net income 33,910       33,910    
Other comprehensive income (loss), net of tax 19,408           19,408
Total comprehensive income 53,318       33,910   19,408
Exercise of stock options (in shares)     6,392        
Exercise of stock options 81     81      
Stock-based compensation expense (in shares)     203,978        
Stock-based compensation expense 2,772   $ 2 2,770      
Stock-based compensation forfeited (in shares)     (12,826)        
Dividends paid $ (50,890)       (50,890)    
Ending balance (in shares) at Jun. 30, 2024 127,307,997   127,307,997        
Ending balance at Jun. 30, 2024 $ 1,556,598   $ 1,273 1,027,703 657,706   (130,084)
Beginning balance (in shares) at Mar. 31, 2024     127,253,189        
Beginning balance at Mar. 31, 2024 1,552,449   $ 1,273 1,026,173 678,427   (153,424)
Comprehensive income:              
Net income 4,747       4,747    
Other comprehensive income (loss), net of tax 23,340           23,340
Total comprehensive income 28,087       4,747   23,340
Exercise of stock options (in shares)     6,382        
Exercise of stock options 61     61      
Stock-based compensation expense (in shares)     57,892        
Stock-based compensation expense 1,469     1,469      
Stock-based compensation forfeited (in shares)     (9,466)        
Dividends paid $ (25,468)       (25,468)    
Ending balance (in shares) at Jun. 30, 2024 127,307,997   127,307,997        
Ending balance at Jun. 30, 2024 $ 1,556,598   $ 1,273 $ 1,027,703 $ 657,706   $ (130,084)