Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Schedule of Reconciliation of Numerators and Denominators of Basic Earnings Per Share with Diluted Earnings Per Share

The following table reconciles the numerators and denominators of basic and diluted earnings per share calculations for the periods presented.

	Three Months Ended March 31,
(in thousands, except share and per share data)	2020			2019
Numerator for Earnings per Share—Basic:
Net income		$	13,231		$	22,928
Less: Income allocated to participating shares		29			62
Net Income Allocated to Shareholders		$	13,202		$	22,866
Numerator for Earnings per Share—Diluted:
Net income		$	13,231		$	22,928
Net Income Available to Shareholders		$	13,231		$	22,928
Denominators for Earnings per Share:
Weighted Average Shares Outstanding—Basic		39,271,540			34,414,555
Add: Potentially dilutive shares		108,116			128,256
Denominator for Treasury Stock Method—Diluted		39,379,656			34,542,811
Weighted Average Shares Outstanding—Basic		39,271,540			34,414,555
Add: Average participating shares outstanding		54,398			92,659
Denominator for Two-Class Method—Diluted		39,325,938			34,507,214
Earnings per share—basic		$	0.34		$	0.67
Earnings per share—diluted		$	0.34		$	0.66
Restricted stock considered anti-dilutive excluded from potentially dilutive shares		41			68,314