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Earnings Per Share
 12 Months Ended
Dec. 31, 2023
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,

 

 

2023

 

 

2022

 

 

2021

 

 

(In thousands, except per share amounts)

 

Basic weighted average shares outstanding

 

 

37,546

 

 

 

 

37,468

 

 

 

 

37,508

 

Dilutive effect of stock options and restricted stock

 

 

108

 

 

 

 

175

 

 

 

 

589

 

Diluted weighted average shares outstanding

 

 

37,654

 

 

 

 

37,643

 

 

 

 

38,097

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 $

 

6.87

 

 

 $

 

6.68

 

 

 $

 

6.88

 

Diluted earnings per share

 

 

6.85

 

 

 

 

6.65

 

 

 

 

6.77

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and restricted stock totaling 306,678 shares, 310,447 shares and 41,240 shares for the years ended December 31, 2023, 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.