Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 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 September 30,						Nine months ended September 30,
(in thousands, except share and per share data)	2021			2020			2021			2020
Numerator for Earnings per Share—Basic:
Net income (loss)		$	27,598		$	16,705		$	87,866		$	(3,136)
Less: Income allocated to participating shares		125			52			408			—
Net Income Allocated to Shareholders		$	27,473		$	16,653		$	87,458		$	(3,136)
Numerator for Earnings per Share—Diluted:
Net income (loss)		$	27,598		$	16,705		$	87,866		$	(3,136)
Net Income Available to Shareholders		$	27,598		$	16,705		$	87,866		$	(3,136)
Denominators for Earnings per Share:
Weighted Average Shares Outstanding—Basic		39,060,616			39,020,811			39,044,412			39,101,309
Add: Potentially dilutive shares		86,157			20,656			89,194			—
Denominator for Treasury Stock Method—Diluted		39,146,773			39,041,467			39,133,606			39,101,309
Weighted Average Shares Outstanding—Basic		39,060,616			39,020,811			39,044,412			39,101,309
Add: Average participating shares outstanding		1,464			—			458			—
Denominator for Two-Class Method—Diluted		39,062,080			39,020,811			39,044,870			39,101,309
Earnings (loss) per share—basic		$	0.71		$	0.43		$	2.25		$	(0.08)
Earnings (loss) per share—diluted		$	0.70		$	0.43		$	2.24		$	(0.08)
Restricted stock considered anti-dilutive excluded from potentially dilutive shares		163			19,449			615			1,137