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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of basic and diluted earnings per share
Earnings per share in the table below, for the three and nine month periods ended September 30, 2024 and 2023 are calculated under the two-class method as required by ASC Topic 260, Earnings Per Share (ASC 260). ASC 260 provides that unvested share-based payment awards that contain nonforfeitable rights to dividends are participating securities and shall be included in the computation of earnings per share pursuant to the two-class method. Prior to 2019, the Company issued restricted stock awards that contained such rights and are therefore considered participating securities. Since 2019, the Company has issued restricted stock awards that do not have nonforfeitable rights to dividends and are therefore not considered participating securities. Basic earnings per common share are calculated by dividing net income allocable to common stock by the weighted average number of common shares, excluding participating securities, during the period. Diluted earnings per common share include the dilutive effect of participating securities.
Three Months Ended
(In thousands, except share and per share data)9/30/20249/30/2023
Basic
Net income (loss) available to common shareholders$18,638 $(33,354)
Less: income (loss) attributable to unvested stock-based compensation awards0 (8)
Net earnings (loss) allocated to common shareholders18,638 (33,362)
Weighted average shares outstanding, including unvested stock-based compensation awards14,394,900 14,364,909 
Less: average unvested stock-based compensation awards(179,293)(179,146)
Weighted average shares outstanding - Basic14,215,607 14,185,763 
Diluted
Net earnings (loss) allocated to common shareholders18,638 (33,362)
Weighted average shares outstanding - Basic14,215,607 14,185,763 
Plus: incremental shares from assumed conversion of stock-based compensation awards67,648 38,985 
Weighted average shares outstanding - Diluted14,283,255 14,224,748 
Basic EPS$1.31 $(2.35)
Diluted EPS$1.30 $(2.35)
Nine Months Ended
(In thousands, except share and per share data)9/30/20249/30/2023
Basic
Net income (loss) available to common shareholders$51,192 $(5,498)
Less: income (loss) attributable to unvested stock-based compensation awards0 (34)
Net earnings (loss) allocated to common shareholders51,192 (5,532)
Weighted average shares outstanding, including unvested stock-based compensation awards14,399,961 14,461,819 
Less: unvested stock-based compensation awards(185,949)(186,890)
Weighted average shares outstanding - Basic14,214,012 14,274,929 
Diluted
Net earnings (loss) allocated to common shareholders51,192 (5,532)
Weighted average shares outstanding - Basic14,214,012 14,274,929 
Plus: incremental shares from assumed conversion of stock-based compensation awards39,716 44,906 
Weighted average shares outstanding - Diluted14,253,728 14,319,835 
Basic EPS$3.60 $(0.39)
Diluted EPS$3.59 $(0.39)