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Earnings Per Share
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2024 and 2023:

Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Net income
$29,976 $13,732 $49,685 $15,551 
Basic weighted average shares outstanding
30,813 30,662 30,792 30,587 
Stock compensation293 874 378 751 
Warrants
— 45 — 22 
Convertible notes— 214 — 139 
Diluted weighted average shares outstanding
31,106 31,795 31,170 31,499 
Net income (per share)
Basic
$0.97 $0.45 $1.61 $0.51 
Diluted
0.96 0.43 1.59 0.49 
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 3.4 million and 2.7 million for the three and six months ended June 30, 2024, respectively, and 1.8 million and 1.7 million for the three and six months ended June 30, 2023, respectively.