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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE 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 September 30,Nine Months Ended September 30,
(In thousands, except per share data)2024202320242023
Net income$37,509 $19,545 $41,346 $71,043 
Average number of common shares issued51,903 51,903 51,903 51,903 
Less: average number of treasury shares8,919 7,916 8,645 7,675 
Less: average number of unvested stock award shares814 823 802 793 
Average number of basic shares outstanding42,170 43,164 42,456 43,435 
Plus: dilutive effect of unvested stock award shares282 183 201 205 
Plus: dilutive effect of stock options outstanding2 — 1 — 
Average number of diluted shares outstanding42,454 43,347 42,658 43,640 
Basic earnings per common share:$0.89 $0.45 $0.97 $1.64 
Diluted earnings per common share:$0.88 $0.45 $0.97 $1.63 
For the three months ended September 30, 2024, 532 thousand shares of unvested restricted stock and 47 thousand options outstanding were anti-dilutive and therefore excluded from the earnings per share calculation. For the nine months ended September 30, 2024, 597 thousand shares of unvested restricted stock and 47 thousand options outstanding were anti-dilutive and therefore excluded from the earnings per share calculation. For the three months ended September 30, 2023, 639 thousand shares of unvested restricted stock and 49 thousand options outstanding were anti-dilutive and therefore excluded from the earnings per share calculation. For the nine months ended September 30, 2023, 569 thousand shares of unvested restricted stock and 49 thousand options outstanding were anti-dilutive and therefore excluded from the earnings per share calculation.