(6) Earnings Per Share

9 Months Ended

Sep. 30, 2022

Earnings per share:

(6) Earnings Per Share

(6) Earnings Per Share

Earnings per share for the three-month and nine-month periods ended September 30, 2022 and 2021 were calculated using the weighted average number of shares outstanding for the related period. The following table reconciles the number of shares used in the computations of basic and diluted earnings per share for the three-month and nine-month periods ended September 30, 2022 and 2021:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
	(In thousands)				(In thousands)
Weighted average number of common shares outstanding during the period used to compute basic earnings per share		20,911		23,011		21,166		22,866
Incremental common shares attributable to exercise of outstanding options and warrants		5,743		3,207		6,346		2,573
Weighted average number of common shares used to compute diluted earnings per share		26,654		26,218		27,512		25,439

If the anti-dilutive effects of common stock equivalents were considered, shares included in the diluted earnings per share calculation for the three-month and nine-month periods ended September 30, 2022 would have included an additional 1.7 million and 1.0 million shares, respectively, attributable to the exercise of outstanding options and warrants. For the three-month and nine-month periods ended September 30, 2021, an additional 5.6 million and 5.8 million shares, respectively, would be included in the diluted earnings per share calculation.