Earnings per Share

6 Months Ended

Jun. 30, 2023

Earnings per share and the weighted average shares outstanding used in calculating basic and diluted earnings per share are as follows for the three and six months ended June 30, (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Numerator:


Net income available to common stockholders	$	30,723	$	29,307	$	51,822	$	44,763
Denominator for basic earnings per share:
Weighted average shares outstanding	30,554		32,585		30,725		32,748
Denominator for diluted earnings per share:
Weighted average shares outstanding	30,554		32,585		30,725		32,748
Common stock units	130		75		121		95
Weighted average shares and conversions	30,684		32,660		30,846		32,843

The weighted average number of diluted shares does not include potential anti-dilutive common shares issuable pursuant to equity based incentive compensation awards. The following table provides the potential anti-dilutive common stock units for the three and six months ended June 30, (in thousands):


	Three Months Ended June 30,		Six Months Ended June 30,
	2023	2022	2023	2022
Common stock units	19	225	17	65