Earnings Per Share

6 Months Ended

Jun. 30, 2023

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,
	2023		2022		2023		2022
	(In thousands, except per share amounts)
Basic weighted average shares outstanding		37,485		37,529		37,482		37,456
Dilutive effect of stock options and restricted stock		103		79		135		260
Diluted weighted average shares outstanding		37,588		37,608		37,617		37,716

Basic earnings per share	$	1.60	$	1.78	$	3.56	$	3.52
Diluted earnings per share		1.59		1.78		3.55		3.49

Stock options and restricted stock totaling 240,079 shares and 333,413 shares for the three months ended June 30, 2023 and 2022, respectively, and 209,614 shares and 254,028 shares for the six months ended June 30, 2023 and 2022, 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.