EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2023

EARNINGS PER SHARE

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

	Three Months Ended				Nine Months Ended
	September 30				September 30
	2023		2022		2023		2022
	(in thousands, except share and per share data)
Basic
Numerator:
Net income from continuing operations	$	34,927	$	88,613	$	93,374	$	258,163
Net income (loss) from discontinued operations		(10)		229		53,269		2,709
Net income	$	34,917	$	88,842	$	146,643	$	260,872
Denominator:
Weighted-average shares		24,004,255		24,605,228		24,119,449		24,640,706
Basic earnings per common share
Continuing operations	$	1.46	$	3.60	$	3.87	$	10.48
Discontinued operations		—		0.01		2.21		0.11
Total basic earnings per common share(1)	$	1.45	$	3.61	$	6.08	$	10.59
Diluted
Numerator:
Net income from continuing operations	$	34,927	$	88,613	$	93,374	$	258,163
Net income (loss) from discontinued operations		(10)		229		53,269		2,709
Net income	$	34,917	$	88,842	$	146,643	$	260,872
Denominator:
Weighted-average shares		24,004,255		24,605,228		24,119,449		24,640,706
Effect of dilutive securities		521,003		767,527		637,544		985,519
Adjusted weighted-average shares and assumed conversions		24,525,258		25,372,755		24,756,993		25,626,225
Diluted earnings per common share
Continuing operations	$	1.42	$	3.49	$	3.77	$	10.07
Discontinued operations		—		0.01		2.15		0.11
Total diluted earnings per common share(1)	$	1.42	$	3.50	$	5.92	$	10.18

(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.