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Earnings Per Share
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The numerator used in the calculation of both basic and diluted earnings per share is net income. The denominator used in the calculation of basic earnings per share is the weighted-average number of shares outstanding during the period. The denominator used in the calculation of diluted earnings per share is derived by adjusting basic shares outstanding for the dilutive effect of potential shares outstanding, which consist of time- and performance-based stock awards and employee stock purchase plan shares.
The following includes the computation of the denominator for basic and diluted weighted-average shares outstanding for the three months ended March 31, 2024 and 2023:
Three Months Ended March 31,
(in thousands)20242023
Weighted-Average Common Shares Outstanding – Basic41,724 41,632 
Effect of Dilutive Securities:
Stock Performance Awards196 241 
Restricted Stock Awards111 102 
Employee Stock Purchase Plan
2 2 
Dilutive Effect of Potential Common Shares309 345 
Weighted-Average Common Shares Outstanding – Diluted42,033 41,977