Earnings Per Share

9 Months Ended

Sep. 30, 2023

10. Earnings Per Share

The following table sets forth basic and diluted weighted average shares outstanding used to compute earnings per share:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(In thousands, except per share amounts)
Basic weighted average shares outstanding		37,491		37,479		37,485		37,464
Dilutive effect of stock options and restricted stock		83		88		118		202
Diluted weighted average shares outstanding		37,574		37,567		37,603		37,666

Basic earnings per share	$	1.47	$	1.58	$	5.03	$	5.10
Diluted earnings per share		1.46		1.58		5.01		5.07

Stock options and restricted stock totaling 420,590 shares and 379,764 shares for the three months ended September 30, 2023 and 2022, respectively, and 279,939 shares and 295,940 shares for the nine months ended September 30, 2023 and 2022, respectively, were excluded from the computation of diluted earnings per share because their effect would have been antidilutive. The computation of diluted shares can vary among periods due, in part, to the change in the average price of the Company’s common stock.