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Earnings Per Share
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The numerator used in the calculation of both basic and diluted earnings per share is net income. The denominator used in the calculation of basic earnings per share is the weighted-average number of shares outstanding during the period. The denominator used in the calculation of diluted earnings per share is derived by adjusting basic shares outstanding for the dilutive effect of potential shares outstanding, which consist of time- and performance-based stock awards and employee stock purchase plan shares.
The following includes the computation of the denominator for basic and diluted weighted-average shares outstanding for the three and six months ended June 30, 2024 and 2023:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2024202320242023
Weighted-Average Common Shares Outstanding – Basic41,784 41,678 41,754 41,655 
Effect of Dilutive Securities:
Stock Performance Awards193 281 194 281 
Restricted Stock Awards89 92 100 97 
Employee Stock Purchase Plan
2 3 
Dilutive Effect of Potential Common Shares284 375 297 380 
Weighted-Average Common Shares Outstanding – Diluted42,068 42,053 42,051 42,035 
For the three and six months ended June 30, 2024 and 2023, there were no shares excluded from diluted weighted-average common shares outstanding because such shares were anti-dilutive