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Earnings Per Share
3 Months Ended
Mar. 31, 2025
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, 2025 and 2024:
Three Months Ended March 31,
(in thousands)20252024
Weighted-Average Common Shares Outstanding – Basic41,826 41,724 
Effect of Dilutive Securities:
Stock Performance Awards133 196 
Restricted Stock Awards101 111 
Employee Stock Purchase Plan
2 
Dilutive Effect of Potential Common Shares236 309 
Weighted-Average Common Shares Outstanding – Diluted42,062 42,033 
The number of shares excluded from diluted weighted-average common shares outstanding because such shares were anti-dilutive was not material for the three months ended March 31, 2025 and 2024