EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2025

EARNINGS PER SHARE

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


		Three Months Ended						Six Months Ended
		June 30						June 30
		2025			2024			2025			2024

		(in thousands, except share and per share data)
Basic
Numerator:
Net income from continuing operations		$	25,809		$	46,924		$	28,940		$	44,012
Net income from discontinued operations			—			—			—			600
Net income		$	25,809		$	46,924		$	28,940		$	44,612
Denominator:
Weighted-average shares			22,944,228			23,618,318			23,070,812			23,589,814

Basic earnings per common share
Continuing operations		$	1.12		$	1.99		$	1.25		$	1.87
Discontinued operations			—			—			—			0.03
Total basic earnings per common share⁽¹⁾		$	1.12		$	1.99		$	1.25		$	1.89

Diluted
Numerator:
Net income from continuing operations		$	25,809		$	46,924		$	28,940		$	44,012
Net income from discontinued operations			—			—			—			600
Net income		$	25,809		$	46,924		$	28,940		$	44,612
Denominator:
Weighted-average shares			22,944,228			23,618,318			23,070,812			23,589,814
Effect of dilutive securities			64,479			301,295			75,797			435,685
Adjusted weighted-average shares and assumed conversions			23,008,707			23,919,613			23,146,609			24,025,499

Diluted earnings per common share
Continuing operations		$	1.12		$	1.96		$	1.25		$	1.83
Discontinued operations			—			—			—			0.02
Total diluted earnings per common share⁽¹⁾		$	1.12		$	1.96		$	1.25		$	1.86

(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.