NET INCOME PER COMMON SHARE

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

NET INCOME PER COMMON SHARE

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)	2024		2023		2024		2023
Net income	$	16,209	$	20,746	$	59,388	$	96,744
Distributed and undistributed earnings allocated to participating securities	(4)		(27)		(37)		(192)
Net income attributable to common shareholders	$	16,205	$	20,719	$	59,351	$	96,552
Total weighted average outstanding shares	45,132		44,940		45,074		44,887
Less: Weighted average participating securities	(12)		(59)		(28)		(89)
Basic weighted average common shares	45,120		44,881		45,046		44,798
Dilutive weighted average common stock equivalents	123		79		110		115
Diluted weighted average common shares	45,243		44,960		45,156		44,913
Basic net income per common share	$	0.36	$	0.46	$	1.32	$	2.16
Diluted net income per common share	$	0.36	$	0.46	$	1.31	$	2.15
Anti-dilutive shares	3		23		41		38