Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Schedule of Reconciliation of Denominators and Additional Shares that are Excluded from the Calculation of EPS

The following table sets forth the computation of basic and diluted earnings per share for the three months ended March 31, 2022 and 2021 (in thousands, except for earnings per share):

	Three Months Ended
	March 31,
	2022			2021
Weighted-average shares:
Common shares outstanding		34,918			35,753
RSAs		21			116
Total weighted-average shares		34,939			35,869
Earnings per common share—Basic
Net income	$	61,311		$	43,306
Less: Undistributed earnings allocated to RSAs		(36	)		(140	)
Net income available to common shareholders—Basic	$	61,275		$	43,166
Net income per common share—Basic	$	1.75		$	1.21
Basic weighted-average common shares outstanding		34,918			35,753
Effect of diluted shares		1,446			1,996
Diluted weighted-average shares outstanding		36,364			37,749
Net income per common share—Diluted	$	1.69		$	1.14