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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share  
Schedule of Computation of Basic and Diluted Earnings Per Share

The following table illustrates the computation of basic and diluted earnings per share for the three and six months ended June 30, 2024 and 2023:

For the three months ended

For the six months ended

    

June 30, 2024

    

June 30, 2023

    

June 30, 2024

    

June 30, 2023

Net income

$

26,135

$

32,557

$

57,526

$

72,840

Less: income allocated to participating securities

 

(89)

 

(69)

 

(154)

 

(110)

Income allocated to common shareholders

$

26,046

$

32,488

$

57,372

$

72,730

Weighted average shares outstanding for basic earnings per common share

 

38,210,869

 

37,957,287

 

38,121,114

 

37,871,862

Dilutive effect of equity awards

 

161,908

 

150,039

 

178,321

 

220,846

Weighted average shares outstanding for diluted earnings per common share

 

38,372,777

 

38,107,326

 

38,299,435

 

38,092,708

Basic earnings per share

$

0.68

$

0.86

$

1.51

$

1.92

Diluted earnings per share

0.68

0.85

1.50

1.91