Dividends and Earnings Per Share

9 Months Ended

Sep. 30, 2023

Dividends and Earnings Per Share

Dividends and Earnings Per Share

Note 11—Dividends and Earnings Per Share

We paid cash dividends during 2023 and 2022 as follows:

Declaration Date	Record Date	Date Paid	Amount Per Share
February 24, 2022	March 31, 2022	April 15, 2022		0.06
May 4, 2022	June 30, 2022	July 15, 2022		0.06
August 3, 2022	September 30, 2022	October 15, 2022		0.06
November 3, 2022	December 31, 2022	January 13, 2023		0.06
February 22, 2023	March 31, 2023	April 14, 2023		0.06
May 3, 2023	June 30, 2023	July 14, 2023		0.06
August 2, 2023	September 29, 2023	October 13, 2023		0.06

The payment of future dividends is contingent upon our revenue and earnings, capital requirements and our general financial condition, as well as contractual restrictions and other considerations deemed relevant by the Board of Directors.

The table below presents the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2023 and 2022 (in thousands, except per share amounts).

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Numerator:
Net income	$	48,144	$	43,040	$	88,486	$	91,520
Denominator:
Weighted average shares for computation of basic earnings per share:		53,339		53,181		53,275		53,228
Dilutive effect of stock-based awards		1,012		567		896		550
Weighted average shares for computation of diluted earnings per share		54,351		53,748		54,171		53,778
Earnings per share:
Basic	$	0.90	$	0.81	$	1.66	$	1.72
Diluted	$	0.89	$	0.80	$	1.63	$	1.70