Earnings Per Share

6 Months Ended

Jun. 30, 2024

Earnings per share:

Earnings Per Share

(6) Earnings Per Share

Earnings per share for the three-month and six-month periods ended June 30, 2024 and 2023 were calculated using the weighted average number of shares outstanding for the related period. The following table reconciles the number of shares used in the computations of basic and diluted earnings per share for the three-month and six-month periods ended June 30, 2024 and 2023:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
	(In thousands)				(In thousands)
Weighted average number of common shares outstanding during the period used to compute basic earnings per share		21,263		20,866		21,203		20,643
Incremental common shares attributable to exercise of outstanding options and warrants		3,000		4,507		3,230		4,741
Weighted average number of common shares used to compute diluted earnings per share		24,263		25,373		24,433		25,384

If the anti-dilutive effects of common stock equivalents were considered, shares included in the diluted earnings per share calculation for the three-month and six-month periods ended June 30, 2024 would have included an additional 1.7 million shares attributable to the exercise of outstanding options and warrants. For the three-month and six-month periods ended June 30, 2023 would have included an additional 1.5 million shares included in the diluted earnings per share calculation.