Earnings Per Share

6 Months Ended

Jun. 30, 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:

	Second Quarter				First Half
(In thousands, except per share data)	2024		2023		2024		2023
Numerator
Net income - basic and diluted	$	8,040	$	1,702	$	15,333	$	7,322
Denominator
Weighted average common shares outstanding - basic	85,473		85,761		85,237		87,159
Dilutive effect of stock options and restricted stock awards	2,153		1,712		2,198		1,853
Weighted average common shares outstanding - diluted	87,626		87,473		87,435		89,012
Net income per common share
Basic	$	0.09	$	0.02	$	0.18	$	0.08
Diluted	$	0.09	$	0.02	$	0.18	$	0.08

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:

	Second Quarter		First Half
(In thousands)	2024	2023	2024	2023
Stock options and restricted stock awards	373	1,330	433	1,035