Earnings Per Share

9 Months Ended

Sep. 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 nine months ended September 30 (in thousands, except per share amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Net income	$	10,450	$	22,444	$	29,615	$	60,696
Basic weighted average outstanding shares of common stock	85,865		89,992		86,305		91,299
Dilutive effect of stock-based awards for common stock	1,249		536		717		646
Diluted weighted average outstanding shares of common stock	87,114		90,528		87,022		91,945
Earnings per common share:
Basic	$	0.12	$	0.25	$	0.34	$	0.66
Diluted	$	0.12	$	0.25	$	0.34	$	0.66

Anti-dilutive stock-based awards, contingent earnout shares and warrants excluded from the calculations of diluted EPS were 4,414,553 and 5,178,908 as of September 30, 2023 and 2022, respectively.