EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2023

EARNINGS PER SHARE

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

	Three Months Ended				Six Months Ended
	June 30				June 30
	2023		2022		2023		2022
	(in thousands, except share and per share data)
Basic
Numerator:
Net income from continuing operations	$	39,600	$	101,542	$	58,447	$	169,550
Net income from discontinued operations		843		919		53,279		2,480
Net income	$	40,443	$	102,461	$	111,726	$	172,030
Denominator:
Weighted-average shares		24,064,882		24,607,362		24,175,893		24,658,739
Basic earnings per common share
Continuing operations	$	1.65	$	4.13	$	2.42	$	6.88
Discontinued operations		0.04		0.04		2.20		0.10
Total basic earnings per common share(1)	$	1.68	$	4.16	$	4.62	$	6.98
Diluted
Numerator:
Net income from continuing operations	$	39,600	$	101,542	$	58,447	$	169,550
Net income from discontinued operations		843		919		53,279		2,480
Net income	$	40,443	$	102,461	$	111,726	$	172,030
Denominator:
Weighted-average shares		24,064,882		24,607,362		24,175,893		24,658,739
Effect of dilutive securities		608,066		988,669		688,798		1,097,575
Adjusted weighted-average shares and assumed conversions		24,672,948		25,596,031		24,864,691		25,756,314
Diluted earnings per common share
Continuing operations	$	1.60	$	3.97	$	2.35	$	6.58
Discontinued operations		0.03		0.04		2.14		0.10
Total diluted earnings per common share(1)	$	1.64	$	4.00	$	4.49	$	6.68

(1) Earnings per common share is calculated in total and may not equal the sum of earnings per common share from continuing operations and discontinued operations due to rounding.