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Earnings Per Share
12 Months Ended
Dec. 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 shares associated with time- and performance-based stock awards and our employee stock purchase plan.
The following includes the computation of the denominator for basic and diluted weighted-average shares outstanding for the years ended December 31, 2024, 2023 and 2022:
(in thousands)202420232022
Weighted Average Common Shares Outstanding – Basic41,778 41,668 41,586 
Effect of Dilutive Securities:
Stock Performance Awards196 269 248 
Restricted Stock Awards96 100 95 
Employee Stock Purchase Plan Shares and Other2 
Dilutive Effect of Potential Common Shares294 371 345 
Weighted Average Common Shares Outstanding – Diluted42,072 42,039 41,931 
The number of shares excluded from diluted weighted-average common shares outstanding because such shares were anti-dilutive was not material for the years ended December 31, 2024, 2023 and 2022.