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Dividends and Earnings Per Share

9 Months Ended

Sep. 30, 2024

Note 10—Dividends and Earnings Per Share

We paid cash dividends during 2024 and 2023 as follows:


Declaration Date	Record Date	Date Paid	Amount Per Share
February 22, 2023	March 31, 2023	April 14, 2023		0.06
May 3, 2023	June 30, 2023	July 14, 2023		0.06
August 2, 2023	September 29, 2023	October 13, 2023		0.06
November 2, 2023	December 29, 2023	January 12, 2024		0.06
February 21, 2024	March 28, 2024	April 15, 2024		0.06
May 1, 2024	June 28, 2024	July 15, 2024		0.06
July 31, 2024	September 27, 2024	October 11, 2024		0.06

The payment of future dividends is contingent upon our revenue and earnings, capital requirements and our general financial condition, as well as contractual restrictions and other considerations deemed relevant by the Board of Directors.

The table below presents the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2024 and 2023 (in thousands, except per share amounts).


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Numerator:
Net income	$	58,436	$	48,144	$	126,922	$	88,486

Denominator:
Weighted average shares for computation of basic earnings per share:		53,692		53,339		53,608		53,275
Dilutive effect of stock-based awards		983		1,012		954		896
Weighted average shares for computation of diluted earnings per share		54,675		54,351		54,562		54,171

Earnings per share:
Basic	$	1.09	$	0.90	$	2.37	$	1.66
Diluted	$	1.07	$	0.89	$	2.33	$	1.63