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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2023 and 2022:
| Three Months Ended |  | Six Months Ended
| June 30, 2023 |  | June 30, 2022 |  | June 30, 2023 |  | June 30, 2022
Numerator: | (in thousands, except share and per share data)
Net income | $ | 45,682 |  |  | $ | 15,946 |  |  | $ | 82,496 |  |  | $ | 34,005 |
Denominator: |  |  |  |  |  |  |
Basic weighted average shares | 54,293,127 |  |  | 53,095,286 |  |  | 54,175,682 |  |  | 52,992,439 |
Effect of dilutive shares related to stock based compensation 1 | 1,353,260 |  |  | 566,590 |  |  | 1,334,800 |  |  | 747,998 |
Effect of dilutive shares related to contingent consideration 2 | — |  |  | — |  |  | 141,850 |  |  | 204,179 |
Diluted weighted average shares | 55,646,387 |  |  | 53,661,876 |  |  | 55,652,332 |  |  | 53,944,616 |
Earnings per share: |  |  |  |  |  |  |
Basic | $ | 0.84 |  |  | $ | 0.30 |  |  | $ | 1.52 |  |  | $ | 0.64 |
Dilutive | $ | 0.82 |  |  | $ | 0.30 |  |  | $ | 1.48 |  |  | $ | 0.63 |
Anti-dilutive shares: |  |  |  |  |  |  |
Shares | 231,579 |  |  | 879,554 |  |  | 175,936 |  |  | 658,595 |
1 Dilutive shares related to stock options, restricted stock, PSUs and Key Employee Awards (Note 12)
2 Dilutive shares related to contingent shares issued to the former owners of BASX (Note 15)
The following table sets forth the pro forma computation of basic and diluted earnings per share for the three and six months ended June 30, 2023 and 2022:
| (unaudited)
| Three Months Ended |  | Six Months Ended
| June 30, 2023 |  | June 30, 2022 |  | June 30, 2023 |  | June 30, 2022
Numerator: | (in thousands, except share and per share data)
Net income | $ | 45,682 |  |  | $ | 15,946 |  |  | $ | 82,496 |  |  | $ | 34,005 |
Denominator: |  |  |  |  |  |  |
Basic weighted average shares | 81,439,691 |  |  | 79,642,930 |  |  | 81,263,523 |  |  | 79,488,659 |
Effect of dilutive shares related to stock based compensation 1 | 2,029,890 |  |  | 849,885 |  |  | 2,002,199 |  |  | 1,121,997 |
Effect of dilutive shares related to contingent consideration 2 | — |  |  | — |  |  | 212,776 |  |  | 306,269 |
Diluted weighted average shares | 83,469,581 |  |  | 80,492,815 |  |  | 83,478,498 |  |  | 80,916,925 |
Earnings per share: |  |  |  |  |  |  |
Basic | $ | 0.56 |  |  | $ | 0.20 |  |  | $ | 1.02 |  |  | $ | 0.43 |
Dilutive | $ | 0.55 |  |  | $ | 0.20 |  |  | $ | 0.99 |  |  | $ | 0.42 |
Anti-dilutive shares: |  |  |  |  |  |  |
Shares | 347,368 |  |  | 1,319,331 |  |  | 263,905 |  |  | 987,893 |
1 Dilutive shares related to stock options, restricted stock, PSUs and Key Employee Awards (Note 12)
2 Dilutive shares related to contingent shares issued to the former owners of BASX (Note 15)

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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