EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2024

EARNINGS PER SHARE

EARNINGS PER SHARE

5 – EARNINGS PER SHARE

The computation of basic earnings per share is based on the weighted-average number of common shares outstanding during the reporting period. The computation of diluted earnings per share assumes the vesting of nonvested stock awards and the exercise of stock options (refer to Note 13 — Stock-Based Compensation), for which the assumed proceeds upon vesting are deemed to be the amount of compensation cost attributable to future services and are not yet recognized using the treasury stock method, to the extent dilutive.

The components of the denominator for the calculation of basic and diluted earnings per share are as follows:

	For the Three Months Ended		For the Six Months Ended
	June 30,		June 30,
	2024	2023	2024	2023
Common shares outstanding, basic:
Weighted-average common shares outstanding, basic	43,073,440	42,786,918	42,995,844	42,709,916
Common shares outstanding, diluted:
Weighted-average common shares outstanding, basic	43,073,440	42,786,918	42,995,844	42,709,916
Dilutive effect of stock options	191,524	170,198	196,028	192,282
Dilutive effect of performance-based restricted stock units	107,082	54,712	134,908	27,507
Dilutive effect of restricted stock units	292,401	122,324	308,733	186,154
Weighted-average common shares outstanding, diluted	43,664,447	43,134,152	43,635,513	43,115,859