NET INCOME/ (LOSS) PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Calculation of Net Income Per Common Share

The calculation of net income per common share for the periods indicated is presented in the following table:

	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars and amounts in thousands, except per share data)	2021		2020		2021		2020
Net income	$	56,976	$	44,642	$	189,703	$	40,291
Distributed and undistributed earnings allocated to         participating securities	(354)		(373)		(1,219)		(317)
Net income attributable to common shareholders	$	56,622	$	44,269	$	188,484	$	39,974
Total weighted average outstanding shares	47,197		47,415		47,409		43,261
Less: Weighted average participating securities	(294)		(397)		(307)		(355)
Basic weighted average common shares	46,903		47,018		47,102		42,906
Dilutive weighted average common stock equivalents	184		157		213		165
Diluted weighted average common shares	47,087		47,175		47,315		43,071
Basic net income per common share	$	1.21	$	0.94	$	4.00	$	0.93
Diluted net income per common share	$	1.20	$	0.94	$	3.98	$	0.93
Anti-dilutive shares	—		37		—		22