XML 35 R22.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Earnings per Share/Capital Stock (Tables)
6 Months Ended
Jun. 30, 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 
 June 30,
 For The Six Months Ended 
 June 30,
(in thousands, except per share amounts)2024202320242023
Net income$31,864 $38,521 $54,999 $72,928 
Less: impact from participating securities110 112 162 197 
Total income available to common shareholders$31,754 $38,409 $54,837 $72,731 
Weighted average Common Shares outstanding, basic37,309 36,976 37,169 36,972 
Basic earnings per Common Share$0.85 $1.04 $1.48 $1.97 
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 
 June 30,
 For The Six Months Ended 
 June 30,
(in thousands, except per share amounts)2024202320242023
Common shareholders earnings, basic$31,754 $38,409 $54,837 $72,731 
Undistributed earnings for dilutive stock options and restricted stock units54 69 67 117 
Total common shareholders earnings, diluted$31,808 $38,478 $54,904 $72,848 
Weighted average Common Shares outstanding, basic37,309 36,976 37,169 36,972 
Stock-based compensation (1)
109 91 94 86 
Weighted average Common Shares outstanding, diluted37,418 37,067 37,263 37,058 
Diluted earnings per Common Share$0.85 $1.04 $1.47 $1.97 
(1)     In applying the treasury stock method of reflecting the dilutive effect of outstanding stock-based compensation in calculating diluted EPS, 132,530 and 110,576 restricted stock units, including performance awards to officers of the Company at June 30, 2024 and 2023, respectively, were deemed to be outstanding and included in the calculation of diluted EPS.