NET INCOME PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Calculation of Net Income Per Common Share

The calculation of net income per common share for the periods indicated is presented in the following table:

	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars and amounts in thousands, except per share data)	2022		2021		2022		2021
Net income	$	33,584	$	56,976	$	132,319	$	189,703
Distributed and undistributed earnings allocated to         participating securities	(114)		(354)		(575)		(1,219)
Net income attributable to common shareholders	$	33,470	$	56,622	$	131,744	$	188,484
Total weighted average outstanding shares	44,793		47,197		45,131		47,409
Less: Weighted average participating securities	(153)		(294)		(198)		(307)
Basic weighted average common shares	44,640		46,903		44,933		47,102
Dilutive weighted average common stock equivalents	141		184		165		213
Diluted weighted average common shares	44,781		47,087		45,098		47,315
Basic net income per common share	$	0.75	$	1.21	$	2.93	$	4.00
Diluted net income per common share	$	0.75	$	1.20	$	2.92	$	3.98
Anti-dilutive shares	8		—		20		—