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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2025
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
March 31,

 

 

 

2025

 

 

2024

 

NUMERATOR

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

Net income

 

$

25,113

 

 

$

9,543

 

Diluted:

 

 

 

 

 

 

Net income

 

$

25,113

 

 

$

9,543

 

DENOMINATOR

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

109,489

 

 

 

112,306

 

Diluted:

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

109,489

 

 

 

112,306

 

Effect of dilutive securities:

 

 

 

 

 

 

Restricted stock-based awards

 

 

969

 

 

 

1,181

 

Weighted average shares and assumed conversions

 

 

110,458

 

 

 

113,487

 

BASIC EARNINGS PER SHARE

 

$

0.23

 

 

$

0.08

 

DILUTED EARNINGS PER SHARE

 

$

0.23

 

 

$

0.08