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Earnings Per Share
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share

12. Earnings Per Share

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

 

Year Ended December 31,

 

 

2022

 

 

2021

 

 

2020

 

 

(In thousands, except per share amounts)

 

Basic weighted average shares outstanding

 

37,468

 

 

 

37,508

 

 

 

37,359

 

Dilutive effect of stock options and restricted stock

 

175

 

 

 

589

 

 

 

785

 

Diluted weighted average shares outstanding

 

37,643

 

 

 

38,097

 

 

 

38,144

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

$

6.68

 

 

$

6.88

 

 

$

8.01

 

Diluted earnings per share

$

6.65

 

 

$

6.77

 

 

$

7.85

 

 

 

 

 

 

 

 

 

 

Stock options and restricted stock totaling 310,447 shares, 41,240 shares and 21,127 shares for the years ended December 31, 2022, 2021 and 2020, 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.