NET INCOME PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

The following table is a reconciliation of net income and the shares used in calculating basic and diluted net income per common share for the three and nine months ended September 30, 2023 and 2022 (in thousands, except share and per share data):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2023			2022			2023			2022
Numerator:
Net income	$	51,516		$	53,455		$	141,033		$	144,927
Adjustment for Basic EPS:
Earnings allocated to unvested shareholders		(243	)		(289	)		(709	)		(849	)
Adjusted net income	$	51,273		$	53,166		$	140,324		$	144,078
Denominator:
Weighted average common shares outstanding – Basic		47,570,099			47,396,495			47,555,734			47,386,426
Effect of dilutive shares:
Common stock equivalents arising from ESPP		499			729			1,764			1,814
Restricted stock awards and units and performance units		61,833			69,710			52,194			67,653
Weighted average common shares outstanding – Diluted		47,632,431			47,466,934			47,609,692			47,455,893
Net income per common share:
Basic	$	1.08		$	1.12		$	2.95		$	3.04
Diluted	$	1.08		$	1.12		$	2.95		$	3.04