Net Income Per Common Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Net Income Per Share

13. Net Income Per Common Share

The following is a reconciliation of the weighted average shares outstanding used to compute basic and diluted net income per common share:

	Three Months Ended March 31,
	2024		2023
Basic weighted average common shares outstanding		35,265,449		35,121,473
Effect of dilutive securities - equity    compensation awards		795,191		626,548
Diluted weighted average common shares outstanding		36,060,640		35,748,021

Equity compensation awards for which total employee proceeds from exercise exceed the average fair value of the same equity incentive instrument over the period have an anti-dilutive effect on earnings per share during periods with net income, and accordingly, are excluded from diluted weighted average common shares outstanding. Anti-dilutive equity instruments of 497,801 and 682,930 common shares were excluded from the computation of diluted net earnings per share for the three months ended March 31, 2024 and 2023, respectively.

No cash dividends were declared or paid during the three months ended March 31, 2024 and 2023.