Calculation of Earnings Per Share

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Calculation of Earnings Per Share

Calculation of Earnings Per Share

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
(in thousands, except per share data)
Calculation of Basic Earnings Per Share:
Net Income	$	18,271	$	16,133	$	64,439	$	52,477
Weighted average shares outstanding (1)	22,284		17,794		22,267		17,777
Basic Earnings Per Share	$	0.82	$	0.91	$	2.89	$	2.95
Calculation of Diluted Earnings Per Share:
Net Income	$	18,271	$	16,133	$	64,439	$	52,477
Reconciliation of Denominator:
Weighted shares outstanding—Basic (1)	22,284		17,794		22,267		17,777
Effect of dilutive securities—Share-based compensation	51		58		53		65
Adjusted denominator—Diluted	22,335		17,852		22,320		17,842
Diluted Earnings Per Share	$	0.82	$	0.90	$	2.89	$	2.94