EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2018

EARNINGS PER SHARE

Schedule of computation of basic and diluted earnings (loss) per share

	Three Months Ended				Nine Months Ended
	September 30				September 30
	2018		2017		2018		2017
	(in thousands, except share and per share data)
Basic
Numerator:
Net income	$	40,776	$	14,788	$	51,963	$	23,158
Effect of unvested restricted stock awards		(98)		(44)		(128)		(106)
Adjusted net income	$	40,678	$	14,744	$	51,835	$	23,052
Denominator:
Weighted-average shares		25,697,509		25,671,535		25,670,435		25,699,306
Earnings per common share	$	1.58	$	0.57	$	2.02	$	0.90
Diluted
Numerator:
Net income	$	40,776	$	14,788	$	51,963	$	23,158
Effect of unvested restricted stock awards		(94)		(43)		(124)		(104)
Adjusted net income	$	40,682	$	14,745	$	51,839	$	23,054
Denominator:
Weighted-average shares		25,697,509		25,671,535		25,670,435		25,699,306
Effect of dilutive securities		1,098,150		721,824		1,037,824		674,076
Adjusted weighted-average shares and assumed conversions		26,795,659		26,393,359		26,708,259		26,373,382
Earnings per common share	$	1.52	$	0.56	$	1.94	$	0.87