Earnings per Share/Capital Stock (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of reconciliation of Registrant's net income and weighted average Common Shares outstanding for calculating basic net income per share

The following is a reconciliation of Registrant’s net income and weighted average Common Shares outstanding used to calculate basic EPS:

Basic:	For The Three Months Ended   March 31,
(in thousands, except per share amounts)	2024		2023
Net income	$	23,135	$	34,407
Less: impact from participating securities	56		87
Total income available to common shareholders	$	23,079	$	34,320
Weighted average Common Shares outstanding, basic	37,030		36,968
Basic earnings per Common Share	$	0.62	$	0.93

Schedule of reconciliation of Registrant's net income and weighted average Common Shares outstanding for calculating diluted net income per share

The following is a reconciliation of Registrant’s net income and weighted average Common Shares outstanding used to calculate diluted EPS:

Diluted:	For The Three Months Ended   March 31,
(in thousands, except per share amounts)	2024		2023
Common shareholders earnings, basic	$	23,079	$	34,320
Undistributed earnings for dilutive stock options and restricted stock units	17		50
Total common shareholders earnings, diluted	$	23,096	$	34,370
Weighted average Common Shares outstanding, basic	37,030		36,968
Stock-based compensation (1)	77		79
Weighted average Common Shares outstanding, diluted	37,107		37,047
Diluted earnings per Common Share	$	0.62	$	0.93

    

(1)     In applying the treasury stock method of reflecting the dilutive effect of outstanding stock-based compensation in calculating diluted EPS, 128,668 and 106,817 restricted stock units, including performance awards to officers of the Company at March 31, 2024 and 2023, respectively, were deemed to be outstanding and included in the calculation of diluted EPS.