EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2022

EARNINGS PER SHARE

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

	Three Months Ended				Six Months Ended
	June 30				June 30
	2022		2021		2022		2021
	(in thousands, except share and per share data)
Basic
Numerator:
Net income	$	102,461	$	60,981	$	172,030	$	84,342
Denominator:
Weighted-average shares		24,607,362		25,586,353		24,658,739		25,522,453
Earnings per common share	$	4.16	$	2.38	$	6.98	$	3.30
Diluted
Numerator:
Net income	$	102,461	$	60,981	$	172,030	$	84,342
Denominator:
Weighted-average shares		24,607,362		25,586,353		24,658,739		25,522,453
Effect of dilutive securities		988,669		1,324,443		1,097,575		1,403,680
Adjusted weighted-average shares and assumed conversions		25,596,031		26,910,796		25,756,314		26,926,133
Earnings per common share	$	4.00	$	2.27	$	6.68	$	3.13