Earnings Per Share

9 Months Ended

Sep. 30, 2024

Earnings per share:

Earnings Per Share

(6) Earnings Per Share

Earnings per share for the three-month and nine-month periods ended September 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 nine-month periods ended September 30, 2024 and 2023:

	Three Months Ended				Nine Months Ended
	September 30,				September 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		21,343		21,154		21,250		20,815
Incremental common shares attributable to exercise of outstanding options and warrants		2,810		4,064		3,090		4,516
Weighted average number of common shares used to compute diluted earnings per share		24,153		25,218		24,340		25,331

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 nine-month periods ended September 30, 2024 would have included an additional 1.6 million and 1.7 million shares, respectively, attributable to the exercise of outstanding options and warrants. For the three-month and nine-month periods ended September 30, 2023, 1.5 million shares, would be included in the diluted earnings per share calculation.