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Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2023
Stockholders' Equity Note [Abstract]  
Schedule of Market Repurchase
Our open market repurchase programs are as follows:
Effective DateAuthorized Repurchase $Expiration Date
March 13, 2020$20 millionNovember 9, 2022
November 3, 2022$50 million
** 1
1 Expiration Date is at Board's discretion. The Company is authorized to effectuate repurchases of the Company's common stock on terms and conditions approved in advance by the Board.
Schedule of Share Repurchases
Our repurchase activity is as follows:
Six Months Ended
June 30, 2023June 30, 2022
(in thousands, except share and per share data)
ProgramSharesTotal $$ per shareSharesTotal $$ per share
Open market— $— $— — $— $— 
401(k)— — — 103,936 5,913 56.89 
Employees13,083 1,162 88.82 16,183 953 58.89 
Total
13,083 $1,162 $88.82 120,119 $6,866 $57.16 

Our repurchase activity since Company inception, including our current authorized stock repurchase programs, are as follows:

Inception toJune 30, 2023
(in thousands, except share and per share data)
ProgramSharesTotal $$ per share
Open market4,327,367 $81,616 $18.86 
401(k)8,308,368 171,789 20.68 
Directors and employees2,058,038 24,522 11.92 
Total
14,693,773 $277,927 $18.91 
Schedule of Dividends Payable
Our recent cash dividends are as follows:

Declaration Date1
Record DatePayment DateDividend
per Share		 Annualized Dividend
per Share
May 18, 2022June 3, 2022July 1, 2022$0.19$0.38
November 8, 2022November 28, 2022December 16, 2022$0.24$0.48
March 1, 2023March 13, 2023March 31, 2023$0.12$0.48
May 18, 2023June 9, 2023June 30, 2023$0.12$0.48
1 Effective with the cash dividend declared on March 1, 2023 (paid on March 31, 2023), the Company moved from semi-annual cash dividends to quarterly cash dividends.
Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2023 and 2022:
 Three Months EndedSix Months Ended
 June 30,
2023		June 30,
2022		June 30,
2023		June 30,
2022
Numerator:(in thousands, except share and per share data)
Net income
$45,682 $15,946 $82,496 $34,005 
Denominator:  
Basic weighted average shares
54,293,127 53,095,286 54,175,682 52,992,439 
Effect of dilutive shares related to stock based compensation1
1,353,260 566,590 1,334,800 747,998 
Effect of dilutive shares related to contingent consideration2
— — 141,850 204,179 
Diluted weighted average shares
55,646,387 53,661,876 55,652,332 53,944,616 
Earnings per share:  
Basic
$0.84 $0.30 $1.52 $0.64 
Dilutive
$0.82 $0.30 $1.48 $0.63 
Anti-dilutive shares:  
Shares
231,579 879,554 175,936 658,595 
1 Dilutive shares related to stock options, restricted stock, PSUs and Key Employee Awards (Note 12)
2 Dilutive shares related to contingent shares issued to the former owners of BASX (Note 15)
The following table sets forth the pro forma computation of basic and diluted earnings per share for the three and six months ended June 30, 2023 and 2022:
(unaudited)
 Three Months EndedSix Months Ended
 June 30,
2023		June 30,
2022		June 30,
2023		June 30,
2022
Numerator:(in thousands, except share and per share data)
Net income
$45,682 $15,946 $82,496 $34,005 
Denominator:  
Basic weighted average shares
81,439,691 79,642,930 81,263,523 79,488,659 
Effect of dilutive shares related to stock based compensation1
2,029,890 849,885 2,002,199 1,121,997 
Effect of dilutive shares related to contingent consideration2
— — 212,776 306,269 
Diluted weighted average shares
83,469,581 80,492,815 83,478,498 80,916,925 
Earnings per share:  
Basic
$0.56 $0.20 $1.02 $0.43 
Dilutive
$0.55 $0.20 $0.99 $0.42 
Anti-dilutive shares:  
Shares
347,368 1,319,331 263,905 987,893 
1 Dilutive shares related to stock options, restricted stock, PSUs and Key Employee Awards (Note 12)
2 Dilutive shares related to contingent shares issued to the former owners of BASX (Note 15)