Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2024

The following table reconciles the numerators and denominators of basic and diluted EPS calculations for the periods presented:


	Three months ended June 30,						Six months ended June 30,
(in thousands, except share and per share data)	2024			2023			2024			2023
Numerator for Earnings per Share—Basic and Diluted:
Net income		$	34,371		$	34,467		$	65,610		$	74,266
Less: Income allocated to participating shares		—			33			10			107
Net Income Allocated to Shareholders		$	34,371		$	34,434		$	65,600		$	74,159















Denominator for Earnings per Share—Treasury Stock Method:
Weighted Average Shares Outstanding—Basic		38,243,859			38,510,772			38,217,944			38,687,342
Add: Potentially dilutive shares		287,833			131,886			277,678			175,013
Denominator for Treasury Stock Method—Diluted		38,531,692			38,642,658			38,495,622			38,862,355

Denominator for Earnings per Share—Two-Class Method:
Weighted Average Shares Outstanding—Basic		38,243,859			38,510,772			38,217,944			38,687,342
Add: Average participating shares outstanding		287,833			103,250			271,338			134,544
Denominator for Two-Class Method—Diluted		38,531,692			38,614,022			38,489,282			38,821,886


Earnings per share—basic		$	0.90		$	0.89		$	1.72		$	1.92
Earnings per share—diluted		$	0.89		$	0.89		$	1.70		$	1.91

Restricted stock considered anti-dilutive excluded from potentially dilutive shares		323			3,331			181			1,849