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CALCULATION OF WEIGHTED AVERAGE SHARES OUTSTANDING FOR EARNINGS PER SHARE (EPS)
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
CALCULATION OF WEIGHTED AVERAGE SHARES OUTSTANDING FOR EARNINGS PER SHARE (EPS)
The following table reconciles basic to diluted weighted average shares outstanding used to calculate earnings per share data for the three and nine months ended September 30, 2024 and 2023 (in thousands, except shares and per share data):
 Three Months Ended September 30,Nine Months Ended September 30,
 2024202320242023
Net income$45,153 $45,854 $122,507 $141,000 
Basic weighted average shares outstanding34,498,830 34,379,865 34,459,662 34,331,458 
Dilutive effect of unvested restricted stock151,492 49,861 115,836 107,756 
Diluted weighted shares outstanding34,650,322 34,429,726 34,575,498 34,439,214 
Earnings per common share    
Basic$1.31 $1.33 $3.56 $4.11 
Diluted$1.30 $1.33 $3.54 $4.09 
Anti-dilutive restricted stock excluded from the diluted average outstanding share calculation (1)
860 252,817 3,950 90,990 
(1)Anti-dilution occurs when the unrecognized compensation cost per share of restricted stock exceeds the current market price of the Company’s stock.