EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2023

EARNINGS PER SHARE

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

	Three Months Ended March 31
	2023		2022
	(in thousands, except share and per share data)
Basic
Numerator:
Net income from continuing operations	$	18,847	$	68,008
Net income from discontinued operations		52,436		1,561
Net income	$	71,283	$	69,569
Denominator:
Weighted-average shares		24,288,138		24,710,685
Basic earnings per common share
Continuing operations	$	0.78	$	2.75
Discontinued operations		2.16		0.06
Total basic earnings per common share(1)	$	2.93	$	2.82
Diluted
Numerator:
Net income from continuing operations	$	18,847	$	68,008
Net income from discontinued operations		52,436		1,561
Net income	$	71,283	$	69,569
Denominator:
Weighted-average shares		24,288,138		24,710,685
Effect of dilutive securities		769,588		1,200,515
Adjusted weighted-average shares and assumed conversions		25,057,726		25,911,200
Diluted earnings per common share
Continuing operations	$	0.75	$	2.62
Discontinued operations		2.09		0.06
Total diluted earnings per common share(1)	$	2.84	$	2.68

(1) Earnings per common share is calculated in total and may not equal the sum of earnings per common share from continuing operations and discontinued operations due to rounding.