Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the calculation of basic and diluted earnings per share for the three and nine months ended September 30, 2022 and 2021:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except share and per share amounts)	2022		2021		2022		2021
Basic net income per share:
Net income	$	13,280	$	35,624	$	104,793	$	96,489
Weighted-average common shares outstanding during the period	34,269,274		34,013,897		34,289,333		33,585,488
Basic net income per share	$	0.39	$	1.05	$	3.06	$	2.87

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except share and per share amounts)	2022		2021		2022		2021
Diluted net income per share:
Net income	$	13,280	$	35,624	$	104,793	$	96,489
Basic shares outstanding during the period	34,269,274		34,013,897		34,289,333		33,585,488
Plus: Common stock equivalents associated with stock-based compensation	1,542,199		3,606,219		2,409,062		2,525,214
Diluted shares outstanding	35,811,473		37,620,116		36,698,395		36,110,702
Diluted net income per share	$	0.37	$	0.95	$	2.86	$	2.67