EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2024

EARNINGS PER SHARE

Schedule of Earnings per share calculation

A summary of the earnings per share calculation is as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands, except per share amounts)	2024		2023		2024		2023
Basic earnings per share:
Net income	$	4,849	$	14,793	$	8,803	$	21,668
Weighted-average common shares		56,780		57,355		56,807		57,231
Basic earnings per share	$	0.09	$	0.26	$	0.15	$	0.38
Diluted earnings per share: (1)
Net income	$	4,849	$	14,793	$	8,803	$	21,668
Weighted-average common shares		56,780		57,355		56,807		57,231
Effect of dilutive awards:
Employee stock plans		204		314		297		423
Diluted weighted-average common shares		56,984		57,669		57,104		57,654
Diluted earnings per share	$	0.09	$	0.26	$	0.15	$	0.38

(1) The Company includes the shares underlying performance-based awards in the calculation of diluted earnings per share if the performance conditions have been satisfied as of the end of the reporting period and excludes such shares when the necessary conditions have not been met. The Company has excluded the shares underlying the outstanding performance-based awards in the 2024 and 2023 calculations as the shares were not contingently issuable as of the end of the reporting periods.