Earnings per Share

9 Months Ended

Sep. 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 nine months ended September 30, (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Numerator:


Net income available to common stockholders	$	39,277	$	34,295	$	91,099	$	79,058
Denominator for basic earnings per share:
Weighted average shares outstanding	30,485		31,707		30,638		32,396
Denominator for diluted earnings per share:
Weighted average shares outstanding	30,485		31,707		30,638		32,396
Common stock units	230		105		170		107
Weighted average shares and conversions	30,715		31,812		30,808		32,503

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 nine months ended September 30, (in thousands):


	Three Months Ended September 30,		Nine Months Ended September 30,
	2023	2022	2023	2022
Common stock units	17	51	19	48