Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of Basic and Diluted income Per Share

The following table presents the basic and diluted income per share calculations for the years ended December 31, 2023, 2022, and 2021:

	December 31,
	2023		2022		2021
	(In thousands, except per share data)
Basic EPS:
Net income	$	52,273	$	32,211	$	29,224
Less: earnings attributable to participating securities		753		491		8,589
Net earnings attributable to common shareholders	$	51,520	$	31,720	$	20,635
Weighted average common shares outstanding		32,206		31,913		22,813
Basic earnings per common share	$	1.60	$	0.99	$	0.90
Diluted EPS:
Net income attributable to common shareholders	$	52,273	$	31,720	$	20,635
Weighted average common shares outstanding		32,206		31,913		22,813
Add dilutive effects for assumed conversion of Series A preferred stock		—		—		8,989
Add dilutive effects for warrants		2,020		2,025		1,974
Add dilutive effects for stock options		14		5		3
Add dilutive effects of unvested restricted stock awards		173		188		203
Add dilutive effects of unvested performance-based stock units		71		—		—
Weighted average diluted common shares outstanding		34,484		34,131		33,982
Diluted earnings per common share	$	1.52	$	0.94	$	0.86

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table sets forth the number of shares excluded from the computation of diluted earnings per share, as their inclusion would have been anti-dilutive (in-thousands):

	December 31,
	2023		2022		2021
Stock options		5		773		773
Shares equivalents excluded from EPS		5		773		773