EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2023

Basic earnings per share (“EPS”) computations are calculated utilizing the weighted average number of shares of the Company’s common stock outstanding during the periods presented. Diluted EPS is calculated utilizing the weighted average number of shares of the Company’s common stock outstanding adjusted for the effect of dilutive common stock equivalents.

The following table sets forth the computation of basic and diluted EPS (in thousands, except per share data):


	Three months ended March 31,
	2023		2022

Numerator:
Net income	$	39,968	$	41,781

Denominator:
Weighted average shares of common stock outstanding	10,864		11,557
Effect of dilutive common stock equivalents	35		81
Weighted average shares of common stock outstanding	10,899		11,638

Earnings per share - basic	$	3.68	$	3.62

Earnings per share - diluted	$	3.67	$	3.59

The calculation of diluted EPS excluded 13 thousand and 0 thousand antidilutive restricted stock awards for the three months ended March 31, 2023 and 2022, respectively.