EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 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 September 30,				For the Nine Months Ended September 30,
	2023		2022		2023		2022
NUMERATOR
Basic:
Net income	$	13,892	$	68,318	$	41,122	$	97,883
Diluted:
Net income	$	13,892	$	68,318	$	41,122	$	97,883
DENOMINATOR
Basic:
Weighted average common shares outstanding		113,605		116,569		113,919		119,282
Diluted:
Weighted average common shares outstanding		113,605		116,569		113,919		119,282
Effect of dilutive securities:
Restricted stock-based awards		802		881		686		774
Weighted average shares and assumed conversions		114,407		117,450		114,605		120,056
BASIC EARNINGS PER SHARE	$	0.12	$	0.59	$	0.36	$	0.82
DILUTED EARNINGS PER SHARE	$	0.12	$	0.58	$	0.36	$	0.82