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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 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 Years Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

NUMERATOR

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

67,590

 

 

$

122,320

 

 

$

(51,896

)

Diluted:

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

67,590

 

 

$

122,320

 

 

$

(51,896

)

DENOMINATOR

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

113,798

 

 

 

118,199

 

 

 

120,192

 

Diluted:

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

113,798

 

 

 

118,199

 

 

 

120,192

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Restricted stock-based awards

 

 

852

 

 

 

899

 

 

 

 

Weighted average shares and assumed
   conversions

 

 

114,650

 

 

 

119,098

 

 

 

120,192

 

BASIC EARNINGS (LOSS) PER SHARE

 

$

0.59

 

 

$

1.03

 

 

$

(0.43

)

DILUTED EARNINGS (LOSS) PER SHARE

 

$

0.59

 

 

$

1.03

 

 

$

(0.43

)