Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Schedule of Reconciliation of Numerators and Denominators of Basic Earnings (Loss) 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)	2021			2020
Numerator for Earnings per Share—Basic:
Net income		$	31,902		$	13,231
Less: Income allocated to participating shares		141			29
Net Income Allocated to Shareholders		$	31,761		$	13,202
Numerator for Earnings per Share—Diluted:
Net income		$	31,902		$	13,231
Net Income Available to Shareholders		$	31,902		$	13,231
Denominators for Earnings per Share:
Weighted Average Shares Outstanding—Basic		39,021,208			39,271,540
Add: Potentially dilutive shares		99,922			108,116
Denominator for Treasury Stock Method—Diluted		39,121,130			39,379,656
Weighted Average Shares Outstanding—Basic		39,021,208			39,271,540
Add: Average participating shares outstanding		—			54,398
Denominator for Two-Class Method—Diluted		39,021,208			39,325,938
Earnings per share—basic		$	0.81		$	0.34
Earnings per share—diluted		$	0.81		$	0.34
Restricted stock considered anti-dilutive excluded from potentially dilutive shares		165			41