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EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table summarizes the calculation of earnings per share: 
 Quarter Ended September 30,Nine Months Ended September 30,
(in thousands, except share and per share data)2023202220232022
Net income (loss)$2,295 $20,367 $(24,089)$58,039 
Weighted average shares:
Basic weighted-average number of common shares outstanding
18,792,893 18,716,864 18,774,593 19,000,007 
Dilutive effect of outstanding common stock equivalents — 79,873 — 137,841 
Diluted weighted-average number of common shares outstanding18,792,893 18,796,737 18,774,593 19,137,848 
Net income (loss) per share:
Basic earnings per share$0.12 $1.09 $(1.28)$3.05 
Diluted earnings per share (1)
0.12 1.08 (1.28)3.03 
(1) Excluded from the computation of diluted earnings per share (due to their antidilutive effect) for the quarters and nine months ended September 30, 2023 and 2022 were certain unvested RSUs and PSUs. On a weighted average basis, 236,628 and 118,746 unvested stock units convertible into shares of common stock were excluded at September 30, 2023 and 2022, respectively, because their effect would have been anti-dilutive.