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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Calculation of Numerator and Denominator in Earnings Per Share

A reconciliation of the numerator and denominator of the basic earnings per share computation to the numerator and denominator of the diluted earnings per share computation is as follows (in thousands, except per share data):

 

 

 

For the Three Months Ended
June 30,

 

 

For the Six Months Ended
June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

NUMERATOR

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

18,954

 

 

$

14,830

 

 

$

28,497

 

 

$

27,230

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

18,954

 

 

$

14,830

 

 

$

28,497

 

 

$

27,230

 

DENOMINATOR

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

110,954

 

 

 

113,628

 

 

 

111,630

 

 

 

113,840

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

110,954

 

 

 

113,628

 

 

 

111,630

 

 

 

113,840

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock-based awards

 

 

578

 

 

 

324

 

 

 

879

 

 

 

631

 

Weighted average shares and assumed conversions

 

 

111,532

 

 

 

113,952

 

 

 

112,509

 

 

 

114,471

 

BASIC EARNINGS PER SHARE

 

$

0.17

 

 

$

0.13

 

 

$

0.26

 

 

$

0.24

 

DILUTED EARNINGS PER SHARE

 

$

0.17

 

 

$

0.13

 

 

$

0.25

 

 

$

0.24