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