Earnings Per Share

6 Months Ended

Jun. 30, 2022

10. Earnings Per Share

The following table sets forth basic and diluted weighted average shares outstanding used to compute earnings per share:


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(In thousands, except per share amounts)
Basic weighted average shares outstanding		37,529		37,508		37,456		37,489
Dilutive effect of stock options and restricted stock		79		596		260		640
Diluted weighted average shares outstanding		37,608		38,104		37,716		38,129

Basic earnings per share	$	1.78	$	1.79	$	3.52	$	3.94
Diluted earnings per share		1.78		1.77		3.49		3.87

Stock options and restricted stock totaling 333,413 shares and 28,570 shares for the three months ended June 30, 2022 and 2021, respectively, and 254,028 and 44,830 for the six months ended June 30, 2022 and 2021, respectively, were excluded from the computation of diluted earnings per share because their effect would have been antidilutive. The computation of diluted shares can vary among periods due, in part, to the change in the average price of the Company’s common stock.