Earnings Per Share

9 Months Ended

Sep. 30, 2024

3. Earnings Per Share

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


		Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023

	(In thousands, except per share amounts)
Numerator:
Net earnings	$	8,063	$	9,337	$	20,320	$	21,646

Denominator:
Basic weighted average shares outstanding		9,439		9,451		9,435		9,458
Effect of dilutive securities:
Employee share-based awards		160		79		141		81
Diluted weighted average shares outstanding		9,599		9,530		9,576		9,539

Basic earnings per share	$	0.85	$	0.99	$	2.15	$	2.29

Diluted earnings per share	$	0.84	$	0.98	$	2.12	$	2.27

Diluted weighted average shares outstanding for the three months ended September 30, 2024, excluded anti-dilutive stock options totaling 240,000 shares of common stock at a weighted average exercise price of $32.83. Diluted weighted average shares outstanding for the nine months ended September 30, 2024, excluded anti-dilutive stock options totaling 342,000 shares of common stock at a weighted average exercise price of $31.05. Diluted weighted average shares outstanding for the three months ended September 30, 2023, excluded anti-dilutive stock options totaling 606,000 shares of common stock at a weighted average exercise price of $28.13. Diluted weighted average shares outstanding for the nine months ended September 30, 2023, excluded anti-dilutive stock options totaling 692,000 shares of common stock at a weighted average exercise price of $28.56.