Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earnings per Share

The following table sets forth the calculation of the Company’s basic and diluted earnings per share:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share data)	2024		2023		2024		2023
Net income	$	15,374	$	20,412	$	44,904	$	46,763
Denominator for basic earnings per share		36,051		35,647		35,970		35,535
Incremental common shares attributable to outstanding restricted stock units		578		4		496		5
Incremental common shares attributable to exercise of dilutive options		—		225		3		339
Denominator for diluted earnings per share		36,629		35,876		36,469		35,879
Earnings per share:
Basic	$	0.43	$	0.57	$	1.25	$	1.32
Diluted	$	0.42	$	0.57	$	1.23	$	1.30