Earnings Per Share

9 Months Ended

Sep. 30, 2023

9.EARNINGS PER SHARE

The calculation of basic earnings per share considers only weighted average outstanding common shares in the computation. The calculation of diluted earnings per share gives effect to all potentially dilutive stock options. The calculation of diluted earnings per share is based upon the weighted average number of common shares outstanding during the period, plus, if dilutive, the assumed exercise of stock options using the treasury stock method. Weighted average shares outstanding for the three and nine months ended September 30, 2023 and 2022 were as follows:



	For the three months				For the nine months
	ended September 30,				ended September 30,
Amounts in thousands	2023		2022		2023		2022
Weighted average common shares, basic		30,340		29,864		30,245		29,790
Dilutive effect of stock options		—		1,540		—		1,733
Weighted average common shares, diluted		30,340		31,404		30,245		31,523

The following stock options are anti-dilutive and have not been included in the weighted average shares outstanding calculation:



	For the three months				For the nine months
	ended September 30,				ended September 30,
Amounts in thousands	2023		2022		2023		2022
Stock options		2,126		2,730		2,256		2,746