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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2025
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,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

NUMERATOR

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

38,543

 

 

$

18,954

 

 

$

63,656

 

 

$

28,497

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

38,543

 

 

$

18,954

 

 

$

63,656

 

 

$

28,497

 

DENOMINATOR

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

108,627

 

 

 

110,954

 

 

 

109,056

 

 

 

111,630

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

108,627

 

 

 

110,954

 

 

 

109,056

 

 

 

111,630

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock-based awards

 

 

542

 

 

 

578

 

 

 

756

 

 

 

879

 

Weighted average shares and assumed conversions

 

 

109,169

 

 

 

111,532

 

 

 

109,812

 

 

 

112,509

 

BASIC EARNINGS PER SHARE

 

$

0.35

 

 

$

0.17

 

 

$

0.58

 

 

$

0.26

 

DILUTED EARNINGS PER SHARE

 

$

0.35

 

 

$

0.17

 

 

$

0.58

 

 

$

0.25