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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
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,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

NUMERATOR

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

21,096

 

 

$

13,892

 

 

$

49,593

 

 

$

41,122

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

21,096

 

 

$

13,892

 

 

$

49,593

 

 

$

41,122

 

DENOMINATOR

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

110,271

 

 

 

113,605

 

 

 

111,174

 

 

 

113,919

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

110,271

 

 

 

113,605

 

 

 

111,174

 

 

 

113,919

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock-based awards

 

 

700

 

 

 

802

 

 

 

820

 

 

 

686

 

Weighted average shares and assumed conversions

 

 

110,971

 

 

 

114,407

 

 

 

111,994

 

 

 

114,605

 

BASIC EARNINGS PER SHARE

 

$

0.19

 

 

$

0.12

 

 

$

0.45

 

 

$

0.36

 

DILUTED EARNINGS PER SHARE

 

$

0.19

 

 

$

0.12

 

 

$

0.44

 

 

$

0.36