EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2021

EARNINGS PER SHARE

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

	Three Months Ended
	March 31
	2021		2020
	(in thousands, except share and per share data)
Basic
Numerator:
Net income	$	23,361	$	1,902
Effect of unvested restricted stock awards		—		(1)
Adjusted net income	$	23,361	$	1,901
Denominator:
Weighted-average shares		25,454,921		25,390,377
Earnings per common share	$	0.92	$	0.07
Diluted
Numerator:
Net income	$	23,361	$	1,902
Effect of unvested restricted stock awards		—		(1)
Adjusted net income	$	23,361	$	1,901
Denominator:
Weighted-average shares		25,454,921		25,390,377
Effect of dilutive securities		1,475,481		856,423
Adjusted weighted-average shares and assumed conversions		26,930,402		26,246,800
Earnings per common share	$	0.87	$	0.07