Three months ended March 31,

2023

2022

(in thousands, except per share amounts)

Numerator:

Net income

$

8,741

$

13,330

Interest expense associated with convertible notes

1,277

2,544

Net income available to common shareholders

$

10,018

$

15,874

Denominator:

Basic weighted average shares outstanding

50,559

49,614

Effect of potentially dilutive share-based awards

355

1,208

Dilutive effect of convertible notes

8,942

14,463

Diluted weighted average shares outstanding

59,856

65,285

Net income per common share:

Basic

$

0.17

$

0.27

Diluted

$

0.17

$

0.24

Potentially dilutive shares excluded from the diluted calculation as their effect would be antidilutive

1,140

613

Maximum potential shares to be issued for settlement of the convertible notes excluded from the diluted calculation as their effect would be antidilutive

5,603

504