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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Reconciliation of the Basic and Diluted EPS Denominators

The reconciliation of the basic and diluted EPS denominators related to common shares is included in the following table (in thousands):

 

 

 

Quarter Ended

 

 

Nine Months Ended

 

 

 

 

September 30, 2023

 

 

September 30, 2022

 

 

September 30, 2023

 

 

September 30, 2022

 

 

Basic weighted-average common shares

 

 

30,097

 

 

 

30,941

 

 

 

30,381

 

 

 

31,219

 

 

Dilutive effect of restricted common stock

 

 

187

 

 

 

218

 

 

 

159

 

 

268

 

 

Diluted weighted-average common shares

 

 

30,284

 

 

 

31,159

 

 

 

30,540

 

 

 

31,487

 

 

The dilutive effect of restricted common stock is computed using the treasury stock method. The dilutive effect of the 2023 Convertible Notes is computed using the if-converted method and will only have an effect in those quarterly periods in which our average stock price exceeds the current effective conversion price.