Earnings Per Share

6 Months Ended

Jun. 30, 2024

3. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:


		Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023

	(In thousands, except per share amounts)
Numerator:
Net earnings	$	5,607	$	4,864	$	12,257	$	12,309

Denominator:
Basic weighted average shares outstanding		9,429		9,440		9,433		9,461
Effect of dilutive securities:
Employee share-based awards		119		102		131		164
Diluted weighted average shares outstanding		9,548		9,542		9,564		9,625

Basic earnings per share	$	0.60	$	0.51	$	1.30	$	1.30

Diluted earnings per share	$	0.59	$	0.50	$	1.28	$	1.28

Diluted weighted average shares outstanding for the three months ended June 30, 2024, excluded anti-dilutive stock options totaling 393,000 shares of common stock at a weighted average exercise price of $30.15. Diluted weighted average shares outstanding for the six months ended June 30, 2024, excluded anti-dilutive stock options totaling 394,000 shares of common stock at a weighted average exercise price of $30.15. Diluted weighted average shares outstanding for the three months ended June 30, 2023, excluded anti-dilutive stock options totaling 433,000 shares of common stock at a weighted average exercise price of $30.75. Diluted weighted average shares outstanding for the six months ended June 30, 2023, excluded anti-dilutive stock options totaling 735,000 shares of common stock at a weighted average exercise price of $28.78.