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EARNINGS (LOSS) PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Schedule of weighted average number of shares
The following table reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted earnings (loss) per share:
For the three months ended March 31,
20242023
Weighted-average shares outstanding, basic174,556,850176,881,723
Assumed conversion of 2026 Notes
12,234,97615,584,409
Assumed conversion of restricted stock—723,145
Assumed conversion of RSUs—424,262
Weighted-average shares outstanding, diluted186,791,826193,613,539
Schedule of potentially dilutive securities
The following table presents unweighted potentially dilutive shares that were not included in the computation of diluted earnings (loss) per share because to do so would have been antidilutive:
For the three months ended March 31,
20242023
2030 Notes
34,380,440—
Restricted Stock
342,601—
RSUs1,889,5384,245
Total
36,612,5794,245
Schedule of basic and diluted earnings per share
The following table presents the calculation of basic and diluted earnings (loss) per share for the Company’s common stock:
For the three months ended March 31,
(in thousands, except share and per share data)20242023
Calculation of basic EPS:
Net income$16,489 $37,447 
Weighted-average shares outstanding, basic 174,556,850 176,881,723 
Basic EPS
$0.09 $0.21 
Calculation of diluted earnings (loss) per share:
Net income$16,489 $37,447 
Interest expense, net of tax(1):
2026 Notes
740 1,086 
Gain on early extinguishment of debt(1)(2)
(32,279)— 
Diluted income (loss)
$(15,050)$38,533 
Weighted-average shares outstanding, diluted186,791,826 193,613,539 
Diluted earnings (loss) per share
$(0.08)$0.20 
(1)The three months ended March 31, 2024 and 2023, were tax-effected at a rate of 30.2% and 17.3%, respectively.
(2)Pertains to the 2026 Notes, a portion of which were repurchased during the three months ended March 31, 2024.