Stockholders' Equity and Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2022

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:

	Three Months Ended
(dollars in thousands, except share and per share data):	March 31, 2022		March 31, 2021
Net income	$	18,074	$	20,381
Basic weighted-average shares of common stock outstanding		132,769,876		132,550,227
Dilutive effect of share-based compensation – unvested restricted stock units		66,895		128,585
Diluted weighted-average shares of common stock outstanding		132,836,771		132,678,812
Basic earnings per share	$	0.14	$	0.15
Diluted earnings per share	$	0.14	$	0.15

Schedule of common stock equivalents excluded from diluted net income per share

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

	Three Months Ended
	March 31, 2022		March 31, 2021
Weighted-average restricted stock units outstanding		427,174		249,962
Unexercised Public Warrants and Private Placement Warrants		15,604,279		15,604,304
Total stock equivalents excluded		16,031,453		15,854,266