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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Computations

Below is a summary of the earnings per share computations:

 

Three months ended September 30,

 

2024

 

 

2023

 

Earnings per share – basic

 

$

0.34

 

 

$

0.47

 

Earnings per share – diluted

 

$

0.33

 

 

$

0.47

 

Weighted average shares of common stock outstanding – basic

 

 

47,686,841

 

 

 

46,547,502

 

Weighted average shares of common stock outstanding – diluted

 

 

48,223,788

 

 

 

46,920,607

 

 

Nine months ended September 30,

 

2024

 

 

2023

 

Earnings per share – basic

 

$

1.05

 

 

$

1.04

 

Earnings per share – diluted

 

$

1.04

 

 

$

1.03

 

Weighted average shares of common stock outstanding – basic

 

 

47,521,368

 

 

 

46,527,350

 

Weighted average shares of common stock outstanding – diluted

 

 

47,960,686

 

 

 

46,881,567

 

 

Schedule of Shares Included in the Diluted Earnings Per Share Computations

Below is a summary of the shares included in the diluted earnings per share computations:

 

Three months ended September 30,

 

2024

 

 

2023

 

Weighted average shares of common stock outstanding – basic

 

 

47,686,841

 

 

 

46,547,502

 

Stock options

 

 

169,785

 

 

 

253,767

 

Restricted stock awards and units

 

 

321,348

 

 

 

88,450

 

Contingently issuable shares

 

 

45,814

 

 

 

30,888

 

Weighted average shares of common stock outstanding – diluted

 

 

48,223,788

 

 

 

46,920,607

 

 

 

Nine months ended September 30,

 

2024

 

 

2023

 

Weighted average shares of common stock outstanding – basic

 

 

47,521,368

 

 

 

46,527,350

 

Stock options

 

 

155,309

 

 

 

254,399

 

Restricted stock awards and units

 

 

243,806

 

 

 

89,409

 

Contingently issuable shares

 

 

40,203

 

 

 

10,409

 

Weighted average shares of common stock outstanding – diluted

 

 

47,960,686

 

 

 

46,881,567