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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 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
June 30,

 

 

For the Six Months Ended
June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

NUMERATOR

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

14,830

 

 

$

10,562

 

 

$

27,230

 

 

$

29,565

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

14,830

 

 

$

10,562

 

 

$

27,230

 

 

$

29,565

 

DENOMINATOR

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

113,628

 

 

 

120,529

 

 

 

113,840

 

 

 

120,662

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

113,628

 

 

 

120,529

 

 

 

113,840

 

 

 

120,662

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock-based awards

 

 

324

 

 

 

817

 

 

 

631

 

 

 

721

 

Weighted average shares and assumed conversions

 

 

113,952

 

 

 

121,346

 

 

 

114,471

 

 

 

121,383

 

BASIC EARNINGS PER SHARE

 

$

0.13

 

 

$

0.09

 

 

$

0.24

 

 

$

0.25

 

DILUTED EARNINGS PER SHARE

 

$

0.13

 

 

$

0.09

 

 

$

0.24

 

 

$

0.24