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NET INCOME PER COMMON SHARE (Tables) | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The computation of basic and diluted net income per common share was as follows (dollars in thousands, except per share amounts):
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income - basic | $ | 2,607 |  |  | $ | 37,350 |  |  |  |  |
Add: Convertible Notes interest expense, net of tax(1) | — |  |  | 1,551 |  |  |  |  |
Net income - diluted | $ | 2,607 |  |  | $ | 38,901 |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding - basic | 5,633,810 |  | 5,618,745 |  |  |  |
Effect of dilutive equity-based compensation awards(2) | 10,956 |  | 3,469 |  |  |  |
Effect of dilution from if-converted Convertible Notes(1) (3) | — |  |  | 404,248 |  |  |  |
Weighted average common shares outstanding - diluted | 5,644,766 |  | 6,026,462 |  |  |  |
Net Income per Common Share: |  |  |  |  |  |  |
Basic | $ | 0.46 |  |  | $ | 6.65 |  |  |  |  |
Diluted | $ | 0.46 |  |  | $ | 6.46 |  |  |  |  |
Supplemental Net Income per Common Share Disclosure: |  |  |  |  |  |
Anti-dilutive shares from equity-based compensation awards(2) | 132,210 |  | 64,541 |  |  |  |
(1)The effect of the Convertible Notes on diluted earnings per share for the three months ended March 31, 2025 was anti-dilutive, and has thus been excluded from the computation. (2)Equity-based compensation awards whose impact is considered to be anti-dilutive under the treasury stock method were excluded from the diluted net income per common share calculation. (3)Based on a conversion rate of 0.4394 shares of common stock per weighted $1,000 principal amount of Convertible Notes outstanding for the three months ended March 31, 2024.

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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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