EARNINGS PER SHARE

3 Months Ended

Jun. 30, 2024

10.	EARNINGS PER SHARE

Basic earnings per share is calculated by dividing net earnings available to common shareholders by the basic weighted average number of shares of common stock outstanding during each period. Diluted earnings per share is calculated by dividing net earnings available to common shareholders by the basic weighted average number of shares of common stock outstanding plus common stock equivalents during each period.

The following table provides a reconciliation of the numerators and denominators used to calculate basic and diluted net income per common share as disclosed on our unaudited consolidated statements of operations for the three months ended June 30, 2024, and 2023, respectively (in thousands, except per share data).

	Three Months Ended June 30,
	2024		2023
Net earnings attributable to common shareholders - basic and diluted	$	27,339	$	33,847

Basic and diluted common shares outstanding:
Weighted average common shares outstanding — basic		26,642		26,552
Effect of dilutive shares		159		96
Weighted average shares common outstanding — diluted		26,801		26,648

Earnings per common share - basic	$	1.03	$	1.27

Earnings per common share - diluted	$	1.02	$	1.27