Stockholders' Equity and Earnings per Common Share (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Schedule of basic and diluted earnings per common share

The table below presents the computation of basic and diluted net income per share of common stock for the periods presented:

	Year Ended
(dollars in thousands, except share and per share data):	December 31, 2021		December 31, 2020
Net income	$	82,488	$	90,231
Basic weighted-average shares of common stock outstanding		132,579,289		132,209,495
Dilutive effect of share-based compensation – unvested restricted stock units		87,213		51,618
Diluted weighted-average shares of common stock outstanding		132,666,502		132,261,113
Basic earnings per share	$	0.62	$	0.68
Diluted earnings per share	$	0.62	$	0.68

Schedule of stock equivalents excluded from diluted net income per share

For the periods presented, the following stock equivalents were excluded from the calculations of diluted earnings per share because their effect would have been antidilutive:

	Year Ended
	December 31, 2021		December 31, 2020
Weighted-average restricted stock units outstanding		199,709		315,260
Unexercised public warrants and private placement warrants		15,604,304		15,604,304
Expired and unexercised shares related to the Optional Subscription liability		—		2,391,539
Total stock equivalents excluded		15,804,013		18,311,103