Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.24.3
EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Net Income Used in Calculating EPS
A reconciliation of reported net income to net income used in calculating EPS as well as a reconciliation from basic to diluted shares follows:
Three Months Ended September 30, Nine Months Ended September 30,
2024 2023 2024 2023
(in thousands)
Net income (loss) (numerator):
Net Income $ 10,990  $ 6,141  $ 46,827  $ 16,363 
Income attributable to unvested shares (145) (66) (491) (122)
Numerator for basic 10,845  6,075  46,336  16,241 
Loss attributable to unvested shares   (8)   (49)
Numerator for dilutive $ 10,845  $ 6,067  $ 46,336  $ 16,192 
Weighted average shares (denominator):
Basic weighted average shares outstanding 103,743 106,289 103,644 106,876
Effect of dilutive securities 99 144 84 196
Diluted weighted average shares outstanding 103,842 106,433 103,728 107,072
Stock options and unvested restricted stock grants excluded from dilutive calculation because they would be anti-dilutive 734 530 437 336