EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
(In thousands, except per share amounts)	2024		2023		2024		2023
Basic earnings per share:
Net income	$	14,291	$	19,796	$	23,094	$	41,464
Weighted-average common shares		56,817		57,383		56,810		57,282
Basic earnings per share	$	0.25	$	0.34	$	0.41	$	0.72
Diluted earnings per share: (1)
Net income	$	14,291	$	19,796	$	23,094	$	41,464
Weighted-average common shares		56,817		57,383		56,810		57,282
Effect of dilutive awards:
Employee stock plans		187		358		296		429
Diluted weighted-average common shares		57,004		57,741		57,106		57,711
Diluted earnings per share	$	0.25	$	0.34	$	0.40	$	0.72

(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.