Earnings Per Share

3 Months Ended

Mar. 31, 2024

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 months ended March 31 (in thousands, except per share amounts):

	Three Months Ended March 31,
	2024		2023
Net income	$	7,416	$	9,182
Basic weighted average outstanding shares of common stock	84,298		86,885
Dilutive effect of stock-based awards for common stock	1,002		247
Diluted weighted average outstanding shares of common stock	85,300		87,132
Earnings per common share:
Basic	$	0.09	$	0.11
Diluted	$	0.09	$	0.11

Anti-dilutive stock-based awards, contingent earnout shares and warrants excluded from the calculations of diluted EPS were 4,339,250 and 4,907,216 as of March 31, 2024 and 2023, respectively.