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CALCULATION OF WEIGHTED AVERAGE SHARES OUTSTANDING FOR EARNINGS PER SHARE (EPS)
 3 Months Ended
Mar. 31, 2025
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 months ended March 31, 2025 and 2024 (in thousands, except shares and per share data):
 Three Months Ended March 31,
 20252024
Net income$45,135 $37,559 
Basic weighted average shares outstanding34,509,815 34,391,564 
Dilutive effect of unvested restricted stock268,872 129,541 
Diluted weighted shares outstanding34,778,687 34,521,105 
Earnings per common share  
Basic$1.31 $1.09 
Diluted$1.30 $1.09 
Anti-dilutive restricted stock excluded from the diluted average outstanding share calculation (1)
— 2,734 
(1)Anti-dilution occurs when the unrecognized compensation cost per share of restricted stock exceeds the current market price of the Company’s stock.