Earnings Per Share

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(In thousands, except per share amounts)
Basic weighted average shares outstanding		37,479		37,529		37,464		37,502
Dilutive effect of stock options and restricted stock		88		555		202		612
Diluted weighted average shares outstanding		37,567		38,084		37,666		38,114

Basic earnings per share	$	1.58	$	1.54	$	5.10	$	5.49
Diluted earnings per share		1.58		1.52		5.07		5.40

Stock options and restricted stock totaling 379,764 shares and 30,037 shares for the three months ended September 30, 2022 and 2021, respectively, and 295,940 and 39,899 for the nine months ended September 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.