NET INCOME PER SHARE

6 Months Ended

Jun. 30, 2023

Basic and diluted net income per share was as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands, except per share amounts	2023		2022		2023		2022
Basic net income per share:
Net income	$	4,184	$	44,788	$	28,410	$	77,689
Weighted average common shares outstanding	80,966		83,168		81,418		83,400

Basic net income per common share	$	0.05	$	0.54	$	0.35	$	0.93

Diluted net income per share:
Net income	$	4,184	$	44,788	$	28,410	$	77,689

Weighted average common shares outstanding — Basic	80,966		83,168		81,418		83,400
Effect of dilutive securities:
Stock options and restricted stock	185		454		321		579
Weighted average common shares for diluted earnings per share	81,151		83,622		81,739		83,979

Diluted net income per common share	$	0.05	$	0.54	$	0.35	$	0.93

Common stock of approximately 0.6 million and 0.2 million shares at June 30, 2023, and 2022, respectively that are issuable through exercise of dilutive securities were not included in the computation of diluted net income per share because their effect would have been anti-dilutive.