NET INCOME PER SHARE (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Basic and Diluted Net Income (Loss) Per Share

Basic and diluted net income per share was as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
Dollars in thousands, except per share amounts	2024		2023		2024		2023
Basic net (loss) income per share:
Net (loss) income	$	(10,695)	$	19,497	$	(26,379)	$	47,907
Weighted average common shares outstanding	76,448		79,690		77,196		80,842
Basic net (loss) income per common share	$	(0.14)	$	0.24	$	(0.34)	$	0.59
Diluted net (loss) income per share:
Net (loss) income	$	(10,695)	$	19,497	$	(26,379)	$	47,907
Weighted average common shares outstanding — Basic	76,448		79,690		77,196		80,842
Effect of dilutive securities:
Stock options and restricted stock	—		121		—		270
Weighted average common shares for diluted earnings per share	76,448		79,811		77,196		81,112
Diluted net (loss) income per common share	$	(0.14)	$	0.24	$	(0.34)	$	0.59