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EARNINGS PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share | Earnings per share have been computed based on the following (average diluted shares outstanding are calculated using the treasury stock method):
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands, except per share data) | 2023 |  | 2022 |  | 2023 |  | 2022
Net income | $ | 23,861 |  |  | $ | 23,115 |  |  | $ | 51,498 |  |  | $ | 43,311 |
Average number of common shares issued | 51,903 |  |  | 51,903 |  |  | 51,903 |  |  | 51,903 |
Less: average number of treasury shares | 7,624 |  |  | 5,247 |  |  | 7,552 |  |  | 4,375 |
Less: average number of unvested stock award shares | 836 |  |  | 838 |  |  | 787 |  |  | 795 |
Average number of basic shares outstanding | 43,443 |  |  | 45,818 |  |  | 43,564 |  |  | 46,733 |
Plus: dilutive effect of unvested stock award shares | 89 |  |  | 283 |  |  | 216 |  |  | 337 |
Plus: dilutive effect of stock options outstanding | — |  |  | 1 |  |  | — |  |  | 4 |
Average number of diluted shares outstanding | 43,532 |  |  | 46,102 |  |  | 43,780 |  |  | 47,074 |
Basic earnings per common share: | $ | 0.55 |  |  | $ | 0.50 |  |  | $ | 1.18 |  |  | $ | 0.93 |
Diluted earnings per common share: | $ | 0.55 |  |  | $ | 0.50 |  |  | $ | 1.18 |  |  | $ | 0.92 |

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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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