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Earnings Per Share
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per share (“basic EPS”) is computed by dividing net income by the weighted average number of common shares outstanding for the reporting period. Diluted earnings per share (“diluted EPS”) gives effect to all dilutive potential shares.

The following tables set forth the computation of basic and diluted earnings per share for the three months ended March 31, 2024 and 2023:

Three Months Ended March 31, 2024Three Months Ended March 31, 2023
Net income
$19,709 $1,819 
Basic weighted average shares outstanding
30,780 30,511 
Stock compensation492 629 
Convertible notes— 64 
Diluted weighted average shares outstanding
31,272 31,204 
Net income (per share)
Basic
$0.64 $0.06 
Diluted
0.63 0.06 
The shares used in the calculation of diluted EPS exclude stock options and stock appreciation rights to purchase shares where the exercise price was greater than the average market price of common shares for the period and the effect of the inclusion would be anti-dilutive. Such shares aggregated approximately 2.5 million and 2.2 million for the three months ended March 31, 2024 and 2023, respectively.