Earnings Per Share

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following reconciles shares outstanding for basic and diluted earnings per share for the years ended December 31, 2023, 2022 and 2021 (in thousands):

	December 31,
	2023	2022	2021
Weighted average shares outstanding	59,399	59,219	59,873
Less: Unallocated ESOP shares	(257)	(378)	(360)
Unallocated incentive award shares	(194)	(111)	(107)
Average basic shares outstanding	58,948	58,730	59,406
Add: Effect of dilutive securities:
Incentive awards	9	148	243
Average diluted shares outstanding	58,957	58,878	59,649

For the years ended December 31, 2023, 2022 and 2021, antidilutive stock options of 1,775,000, 1,544,000, and 1,566,000, respectively, were excluded from the earnings per share calculation.