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EARNINGS PER SHARE | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE Basic and diluted earnings per common share were calculated as follows (in thousands, except per share amounts):
| Three Months Ended March 31, |  |
| 2023 |  | 2022 |  |  |  |
Basic weighted average number of shares outstanding | 36,664 |  |  | 36,996 |  |  |  |  |
Effect of dilutive securities: |  |  |  |  |  |  |
Unvested restricted stock | 457 |  |  | 531 |  |  |  |  |
Diluted average shares outstanding | 37,121 |  |  | 37,527 |  |  |  |  |
Net earnings | $ | 131,301 |  |  | $ | 217,254 |  |  |  |  |
Basic earnings per share | $ | 3.58 |  |  | $ | 5.87 |  |  |  |  |
Diluted earnings per share | $ | 3.54 |  |  | $ | 5.79 |  |  |  |  |

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