Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Components of Basic and Diluted Earnings Per Share

The components of basic and diluted earnings per share are as follows (in thousands, except share and per share data):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Numerator for basic and diluted net income per common share:
Net income attributable to common shareholders	$	23,874	$	21,058	$	50,244	$	36,516
Net income available to participating securities (1)	—		(15)		(10)		(38)
Net income available to common shareholders from operations	$	23,874	$	21,043	$	50,234	$	36,478
Denominator:
Weighted-average outstanding shares of common stock	19,249,116		19,654,922		19,234,728		19,750,570
Dilutive effect of:
Equity incentive plans	38,363		6,929		21,473		17,292
Employee Stock Purchase Plan	—		350		4,407		5,036
Common stock and common stock equivalents	19,287,479		19,662,201		19,260,608		19,772,898
Net income per share from operations:
Basic	$	1.24	$	1.07	$	2.61	$	1.85
Diluted	$	1.24	$	1.07	$	2.61	$	1.85

(1) Represents unvested share-based payment awards that contain certain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid).