Net Income (Loss) per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Computation of the Company’s Basic and Diluted Net Income per Share

The computation of the Company's basic and diluted net income per share is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(In thousands, except per share data)
Numerator for basic and diluted income per common share:
Net income	$	20,948	$	23,111	$	69,760	$	78,076
Less: Net income allocated to unvested participating restricted stock	(575)		(502)		(1,852)		(1,920)
Net income available to common stockholders - basic	20,373		22,609		67,908		76,156
Effect of unvested participating restricted stock in two-class calculation	—		2		3		13
Net income available to common stockholders - diluted	$	20,373	$	22,611	$	67,911	$	76,169
Denominator:
Weighted average outstanding shares of common stock - basic	15,377		16,911		16,049		16,752
Dilutive effect of stock options	26		60		30		106
Weighted average outstanding shares of common stock - diluted	15,403		16,971		16,079		16,858
Net income per common share:
Basic	$	1.32	$	1.34	$	4.23	$	4.55
Diluted	$	1.32	$	1.33	$	4.22	$	4.52