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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings (Loss) Per Share, Basic
The following tables set forth the computation of basic and diluted earnings per share:
Three months ended September 30,Nine months ended September 30,
2024202320242023
(In thousands, except share data)
Basic earnings per share:
Net income$54,905 $39,979 $111,068 $68,699 
Allocation of net income to common stockholders:
Common stock$54,905 $39,891 $111,068 $68,537 
Unvested participating shares— 88 — 162 
Net income$54,905 $39,979 $111,068 $68,699 
Weighted average common shares outstanding:
Common stock58,062,009 57,765,332 57,970,587 57,692,254 
Unvested participating shares41,284 126,699 59,700 152,831 
Earnings per common share:
Common stock$0.95 $0.69 $1.92 $1.19 
Schedule of Earnings (Loss) Per Share, Diluted
Three months ended September 30,Nine months ended September 30,
2024202320242023
(In thousands, except share data)
Diluted earnings per share:
Earnings allocated to common stock$54,905 $39,891 $111,068 $68,537 
Plus: earnings allocated to unvested participating shares— 88 — 162 
Less: adjusted earnings allocated to unvested participating shares— (88)— (162)
Earnings allocated to common stock$54,905 $39,891 $111,068 $68,537 
Weighted average common shares outstanding:
Common stock58,062,009 57,765,332 57,970,587 57,692,254 
Effect of dilutive securities639,609 279,805 512,817 194,569 
Weighted average common shares outstanding — diluted58,701,618 58,045,137 58,483,404 57,886,823 
Earnings per common share:
Common stock$0.94 $0.69 $1.90 $1.18