Earnings Per Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table presents the reconciliation of the numerator and denominator for calculating net income per share:

	First Quarter
(In thousands, except per share data)	2024		2023
Numerator
Net income - basic and diluted	$	7,293	$	5,620
Denominator
Weighted average common shares outstanding - basic	85,001		88,573
Dilutive effect of stock options and restricted stock awards	2,244		1,997
Weighted average common shares outstanding - diluted	87,245		90,570
Net income per common share
Basic	$	0.09	$	0.06
Diluted	$	0.08	$	0.06

We excluded the following weighted-average potential shares from the calculations of diluted net income per share during the applicable periods because their inclusion would have been anti-dilutive:

	First Quarter
(In thousands)	2024	2023
Stock options and restricted stock awards	494	737