EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of earnings per share, basic and diluted

The following table summarizes the calculation of earnings per share: 

	Years Ended December 31,
(in thousands, except share and per share data)	2023		2022		2021
Net income (loss)	$	(27,508)	$	66,540	$	115,422
Weighted average shares:
Basic weighted-average number of common shares outstanding	18,783,005		18,931,107		20,885,509
Dilutive effect of outstanding common stock equivalents (1)	—		110,004		257,905
Diluted weighted-average number of common shares outstanding	18,783,005		19,041,111		21,143,414
Net income (loss) per share
Basic earnings per share	$	(1.46)	$	3.51	$	5.53
Diluted earnings per share	$	(1.46)	$	3.49	$	5.46

(1) Excluded from the computation of diluted earnings per share (due to their antidilutive effect) for the years ended December 31, 2023, 2022 and 2021 were certain unvested RSUs and PSUs. The aggregate number of common stock unvested restricted shares, which could potentially be dilutive in future periods, was 217,153, 176,259 and zero at December 31, 2023, 2022 and 2021, respectively.