Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share Calculations

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands, except per share data)
Basic EPS:
Net income attributable to common shareholders	$	14,778	$	12,183	$	32,029	$	22,832
Less: earnings attributable to participating securities		182		185		394		347
Net earnings attributable to common shareholders	$	14,596	$	11,998	$	31,635	$	22,485
Weighted average common shares outstanding		32,585		32,122		32,563		32,111
Basic earnings per common share	$	0.45	$	0.37	$	0.97	$	0.70
Diluted EPS:
Net income attributable to common stockholders	$	14,778	$	12,183	$	32,029	$	22,832
Weighted average common shares outstanding		32,585		32,122		32,563		32,111
Add dilutive effects for warrants		2,395		1,883		2,369		1,877
Add dilutive effects for stock options		202		4		179		5
Add dilutive effects of unvested restricted stock awards		152		95		152		78
Add dilutive effects of unvested performance-based stock units		266		36		256		24
Weighted average diluted common shares outstanding		35,600		34,140		35,519		34,095
Diluted earnings per common share	$	0.42	$	0.36	$	0.90	$	0.67

Schedule of Antidilutive Securities Excluded from Computation of Diluted 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:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024 (1)		2023
Stock options		100		772,500		100		772,500
Unvested restricted stock awards		15,939		83,500		102,809		83,500
Employee stock purchase plan		—		—		53,770		—
Share equivalents excluded from EPS		16,039		856,000		156,679		856,000

(1)Weighted average.