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Common and Common Equivalent Shares
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Common and Common Equivalent Shares . Common and Common Equivalent Shares:

Basic net income per common share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per common share is calculated by dividing net income by the weighted average number of common and potential common shares outstanding during the period. Potential common shares consist of outstanding restricted stock and stock options and is calculated using the treasury stock method.

The calculation of shares used in the basic and diluted net income per common share calculation for the three and six months ended June 30, 2023 and 2022 is as follows (in thousands):

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Weighted average number of common shares outstanding

 

 

82,399

 

 

 

85,078

 

 

 

82,033

 

 

 

85,190

 

Weighted average number of dilutive common share
   equivalents

 

 

265

 

 

 

541

 

 

 

344

 

 

 

724

 

Weighted average number of common and common
   equivalent shares outstanding

 

 

82,664

 

 

 

85,619

 

 

 

82,377

 

 

 

85,914

 

Antidilutive securities (restricted stock and stock options) not included in the diluted net income per common share calculation

 

 

1,338

 

 

 

569

 

 

 

1,358

 

 

 

409