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NET INCOME PER COMMON SHARE (Tables) | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share | The following table is a reconciliation of net income and the shares used in calculating basic and diluted net income per common share for the three and nine months ended September 30, 2023 and 2022 (in thousands, except share and per share data):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 51,516 |  |  | $ | 53,455 |  |  | $ | 141,033 |  |  | $ | 144,927 |
Adjustment for Basic EPS: |  |  |  |  |  |  |  |  |  |  |  |
Earnings allocated to unvested shareholders |  |  | (243 | ) |  |  | (289 | ) |  |  | (709 | ) |  |  | (849 | )
Adjusted net income |  | $ | 51,273 |  |  | $ | 53,166 |  |  | $ | 140,324 |  |  | $ | 144,078 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding – Basic |  |  | 47,570,099 |  |  |  | 47,396,495 |  |  |  | 47,555,734 |  |  |  | 47,386,426 |
Effect of dilutive shares: |  |  |  |  |  |  |  |  |  |  |  |
Common stock equivalents arising from ESPP |  |  | 499 |  |  |  | 729 |  |  |  | 1,764 |  |  |  | 1,814 |
Restricted stock awards and units and performance units |  |  | 61,833 |  |  |  | 69,710 |  |  |  | 52,194 |  |  |  | 67,653 |
Weighted average common shares outstanding – Diluted |  |  | 47,632,431 |  |  |  | 47,466,934 |  |  |  | 47,609,692 |  |  |  | 47,455,893 |
Net income per common share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.08 |  |  | $ | 1.12 |  |  | $ | 2.95 |  |  | $ | 3.04 |
Diluted |  | $ | 1.08 |  |  | $ | 1.12 |  |  | $ | 2.95 |  |  | $ | 3.04 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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