Dividends and Earnings Per Share

3 Months Ended

Mar. 31, 2024

Dividends and Earnings Per Share

Dividends and Earnings Per Share

Note 10—Dividends and Earnings Per Share

We paid cash dividends during 2024 and 2023 as follows:

Declaration Date	Record Date	Date Paid	Amount Per Share
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
November 2, 2023	December 29, 2023	January 12, 2024		0.06
February 21, 2024	March 28, 2024	April 15, 2024		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 months ended March 31, 2024 and 2023 (in thousands, except per share amounts).

	Three Months Ended March 31,
	2024		2023
Numerator:
Net income	$	18,943	$	1,310
Denominator:
Weighted average shares for computation of basic earnings per share:		53,490		53,184
Dilutive effect of stock-based awards		924		760
Weighted average shares for computation of diluted earnings per share		54,414		53,944
Earnings per share:
Basic	$	0.35	$	0.02
Diluted	$	0.35	$	0.02