Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2022 and 2021 (in thousands, except for earnings per share):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2022			2021			2022			2021
Weighted-average shares:
Common shares outstanding		32,493			35,894			33,696			35,825
RSAs		21			114			21			115
Total weighted-average shares		32,514			36,008			33,717			35,940
Earnings per common share—Basic
Net income	$	49,360		$	39,934		$	110,671		$	83,240
Less: Undistributed earnings allocated to RSAs		(31	)		(127	)		(68	)		(267	)
Net income available to common shareholders—Basic	$	49,329		$	39,807		$	110,603		$	82,973
Net income per common share—Basic	$	1.52		$	1.11		$	3.28		$	2.32
Basic weighted-average common shares outstanding		32,493			35,894			33,696			35,825
Effect of diluted shares		1,202			1,820			1,338			1,912
Diluted weighted-average shares outstanding		33,695			37,714			35,034			37,737
Net income per common share—Diluted	$	1.46		$	1.06		$	3.16		$	2.20