EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2024

EARNINGS PER SHARE

Schedule of reconciliation of basic to diluted earnings per share

The following is a reconciliation of basic to diluted earnings per share for the three months ended March 31, 2024 and 2023:

	Three Months Ended
	March 31,
(000’s omitted, except per share data)	2024		2023
Net income	$	40,872	$	5,798
Income attributable to unvested stock-based compensation awards		(111)		(17)
Income available to common shareholders	$	40,761	$	5,781
Weighted-average common shares outstanding – basic		53,228		53,843
Basic earnings per share	$	0.77	$	0.11
Net income	$	40,872	$	5,798
Income attributable to unvested stock-based compensation awards		(111)		(17)
Income available to common shareholders	$	40,761	$	5,781
Weighted-average common shares outstanding – basic		53,228		53,843
Assumed exercise of stock options		93		207
Weighted-average common shares outstanding – diluted		53,321		54,050
Diluted earnings per share	$	0.76	$	0.11