A reconciliation of the numerator and denominator of the basic earnings per share computation to the numerator and denominator of the diluted earnings per share computation is as follows (in thousands, except per share data):
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For the Three Months Ended September 30, |
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For the Nine Months Ended September 30, |
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2024 |
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2023 |
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2024 |
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2023 |
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NUMERATOR |
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Basic: |
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Net income |
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$ |
21,096 |
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$ |
13,892 |
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$ |
49,593 |
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$ |
41,122 |
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Diluted: |
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Net income |
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$ |
21,096 |
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$ |
13,892 |
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$ |
49,593 |
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$ |
41,122 |
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DENOMINATOR |
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Basic: |
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Weighted average common shares outstanding |
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110,271 |
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113,605 |
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111,174 |
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113,919 |
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Diluted: |
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Weighted average common shares outstanding |
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110,271 |
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113,605 |
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111,174 |
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113,919 |
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Effect of dilutive securities: |
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Restricted stock-based awards |
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700 |
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802 |
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820 |
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686 |
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Weighted average shares and assumed conversions |
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110,971 |
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114,407 |
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111,994 |
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114,605 |
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BASIC EARNINGS PER SHARE |
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$ |
0.19 |
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$ |
0.12 |
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$ |
0.45 |
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$ |
0.36 |
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DILUTED EARNINGS PER SHARE |
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$ |
0.19 |
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$ |
0.12 |
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$ |
0.44 |
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$ |
0.36 |
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