XML 46 R34.htm IDEA: XBRL DOCUMENT v3.24.3
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2024
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 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