Earnings Per Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share

Earnings Per Share

3.    Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

		Three Months Ended March 31,
	2024		2023
	(In thousands, except per share amounts)
Numerator:
Net earnings	$	6,650	$	7,445
Denominator:
Basic weighted average shares outstanding		9,436		9,483
Effect of dilutive securities:
Employee share-based awards		144		62
Diluted weighted average shares outstanding		9,580		9,545
Basic earnings per share	$	0.70	$	0.79
Diluted earnings per share	$	0.69	$	0.78

Diluted weighted average shares outstanding for the three months ended March 31, 2024, excluded anti-dilutive stock options totaling 395,000 shares of common stock at a weighted average exercise price of $30.15. Diluted weighted average shares outstanding for the three months ended March 31, 2023, excluded anti-dilutive stock options totaling 1,042,000 shares of common stock at a weighted average exercise price of $26.79.