Earnings per Share

3 Months Ended

Mar. 31, 2024

7. Earnings per Share

Basic earnings per common share are computed by dividing net income attributable to common shareholders by the weighted-average common shares outstanding. Diluted earnings per common share are computed by dividing the net income attributable to common shareholders by the diluted weighted average common shares outstanding. Diluted weighted average common shares outstanding consist of basic weighted average common shares outstanding plus weighted average awards outstanding under our equity compensation plans, which are dilutive securities.

The calculations of basic and diluted earnings per common share are as follows (in thousands, except per share data):


	Three Months Ended
		March 31, 2024		March 26, 2023
Net income available to common stockholders		$	14,636	$	22,376
Basic weighted average number of shares		32,644		34,155
Dilutive effect of outstanding equity awards (a)		265		169
Diluted weighted average number of shares		32,909		34,324
Basic earnings per common share		$	0.45	$	0.66
Diluted earnings per common share		$	0.44	$	0.65

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(a) Excludes 103,000 and 22,000 shares underlying equity awards for the three months ended March 31, 2024 and March 26, 2023, respectively, as the effect of including such awards would have been anti-dilutive.