Stockholders' Equity and Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 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				Six Months Ended
(dollars in thousands, except share and per share data):	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Net income	$	15,946	$	18,252	$	34,020	$	38,633
Basic weighted-average shares of common stock outstanding		132,812,622		132,585,116		132,803,085		132,567,768
Dilutive effect of share-based compensation – unvested restricted stock units		118,099		61,273		92,497		68,656
Diluted weighted-average shares of common stock outstanding		132,930,721		132,646,389		132,895,582		132,636,425
Basic earnings per share	$	0.12	$	0.14	$	0.26	$	0.29
Diluted earnings per share	$	0.12	$	0.14	$	0.26	$	0.29

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				Six Months Ended
	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
Weighted-average restricted stock units outstanding		378,922		596,978		315,350		539,645
Unexercised public warrants and private placement warrants		15,604,279		15,604,304		15,604,279		15,604,304
Total stock equivalents excluded		15,983,201		16,201,282		15,919,629		16,143,949