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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2023
Schedule of Calculation of Numerator and Denominator in Earnings Per Share

A reconciliation of the numerator and denominator of the basic earnings per share computation to the numerator and denominator of the diluted earnings per share computation is as follows (in thousands, except per share data):

 

 

 

For the Three Months Ended
March 31,

 

 

 

2023

 

 

2022

 

NUMERATOR

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

Net income

 

$

12,400

 

 

$

19,003

 

Diluted:

 

 

 

 

 

 

Net income

 

$

12,400

 

 

$

19,003

 

DENOMINATOR

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

114,533

 

 

 

120,796

 

Diluted:

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

114,533

 

 

 

120,796

 

Effect of dilutive securities:

 

 

 

 

 

 

Restricted stock-based awards

 

 

937

 

 

 

624

 

Weighted average shares and assumed conversions

 

 

115,470

 

 

 

121,420

 

BASIC EARNINGS PER SHARE

 

$

0.11

 

 

$

0.16

 

DILUTED EARNINGS PER SHARE

 

$

0.11

 

 

$

0.16