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Earnings Per Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

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,

 

 

2024

 

 

2023

 

 

2024

 

2023

 

 

(In thousands, except per share amounts)

 

Basic weighted average shares outstanding

 

 

37,655

 

 

 

 

37,485

 

 

 

 

37,698

 

 

 

37,482

 

Dilutive effect of stock options and full value awards

 

 

34

 

 

 

 

103

 

 

 

 

42

 

 

 

135

 

Diluted weighted average shares outstanding

 

 

37,689

 

 

 

 

37,588

 

 

 

 

37,740

 

 

 

37,617

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 $

 

1.72

 

 

 $

 

1.60

 

 

 $

 

3.65

 

 $

 

3.56

 

Diluted earnings per share

 

 

1.72

 

 

 

 

1.59

 

 

 

 

3.64

 

 

 

3.55

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and full value awards totaling 445,089 shares and 240,079 shares for the three months ended June 30, 2024 and 2023, respectively, and 508,117 shares and 209,614 shares for the six months ended June 30, 2024 and 2023, 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.