EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2022

EARNINGS PER SHARE

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

	Three Months Ended				Nine Months Ended
	September 30				September 30
	2022		2021		2022		2021
	(in thousands, except share and per share data)
Basic
Numerator:
Net income	$	88,842	$	63,691	$	260,872	$	148,033
Denominator:
Weighted-average shares		24,605,228		25,632,805		24,640,706		25,559,642
Earnings per common share	$	3.61	$	2.48	$	10.59	$	5.79
Diluted
Numerator:
Net income	$	88,842	$	63,691	$	260,872	$	148,033
Denominator:
Weighted-average shares		24,605,228		25,632,805		24,640,706		25,559,642
Effect of dilutive securities		767,527		1,137,341		985,519		1,312,739
Adjusted weighted-average shares and assumed conversions		25,372,755		26,770,146		25,626,225		26,872,381
Earnings per common share	$	3.50	$	2.38	$	10.18	$	5.51