EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2019

EARNINGS PER SHARE

Schedule of computation of basic and diluted earnings (loss) per share

	Three Months Ended				Nine Months Ended
	September 30				September 30
	2019		2018		2019		2018
	(in thousands, except share and per share data)
Basic
Numerator:
Net income	$	16,270	$	40,776	$	45,534	$	51,963
Effect of unvested restricted stock awards		(2)		(98)		(28)		(128)
Adjusted net income	$	16,268	$	40,678	$	45,506	$	51,835
Denominator:
Weighted-average shares		25,527,982		25,697,509		25,550,365		25,670,435
Earnings per common share	$	0.64	$	1.58	$	1.78	$	2.02
Diluted
Numerator:
Net income	$	16,270	$	40,776	$	45,534	$	51,963
Effect of unvested restricted stock awards		(2)		(94)		(28)		(124)
Adjusted net income	$	16,268	$	40,682	$	45,506	$	51,839
Denominator:
Weighted-average shares		25,527,982		25,697,509		25,550,365		25,670,435
Effect of dilutive securities		888,613		1,098,150		911,303		1,037,824
Adjusted weighted-average shares and assumed conversions		26,416,595		26,795,659		26,461,668		26,708,259
Earnings per common share	$	0.62	$	1.52	$	1.72	$	1.94