EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2024 and 2023 (in thousands, except per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Numerator:
Net Income	$	35,084	$	33,682	$	131,761	$	133,705
Denominator:
Basic
Weighted average common shares outstanding	50,145		49,838		50,101		50,054
Diluted
Stock options (1)	77		148		77		206
Restricted stock units and awards (1)	74		96		76		95
Performance share units	96		277		96		277
Contingent shares (2)	9		12		9		12
Diluted weighted average common shares    outstanding (3)	50,401		50,371		50,359		50,644
Basic earnings per share	$	0.70	$	0.68	$	2.63	$	2.67
Diluted earnings per share	$	0.70	$	0.67	$	2.62	$	2.64

(1)A total of 8 thousand and 49 thousand shares of stock-based awards were excluded from the calculation of diluted earnings per share for three and nine months ended September 30, 2024, respectively, as their effect would be anti-dilutive. A total of 60 thousand shares of stock-based awards were excluded from the calculation of diluted earnings per share for the nine months ended September 30, 2023, as their effect would be anti-dilutive. No stock-based awards were excluded from the calculation of diluted earnings per share for the three months ended September 30, 2023, as their effect was dilutive.

(2)Contingent shares represent additional shares to be issued for purchase price earned by former owners of businesses acquired by us once future considerations have been met.

(3)The denominator used in calculating diluted earnings per share did not include 158 thousand PSUs for both the three and nine months ended September 30, 2024. The denominator used in calculating diluted earnings per share did not include 187 thousand PSUs for both the three and nine months ended September 30, 2023.The performance conditions associated with these PSUs were not met and consequently none of these PSUs were considered as issuable for the three and nine months ended September 30, 2024 and 2023.