Earnings Per Share

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The components of basic and diluted earnings per share (“EPS”) were as follows for the three and six months ended June 30 (in thousands, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Net income	$	9,983	$	22,464	$	19,165	$	38,252
Basic weighted average outstanding shares of common stock	86,184		92,328		86,529		92,484
Dilutive effect of stock-based awards for common stock	636		673		442		711
Diluted weighted average outstanding shares of common stock	86,820		93,001		86,971		93,195
Earnings per common share:
Basic	$	0.12	$	0.24	$	0.22	$	0.41
Diluted	$	0.11	$	0.24	$	0.22	$	0.41

Anti-dilutive stock-based awards, contingent earnout shares and warrants excluded from the calculations of diluted EPS were 4,818,079 and 5,302,040 as of June 30, 2023 and 2022, respectively.