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Earnings Per Share
 3 Months Ended
Mar. 31, 2025
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, 2025 and 2024:

Three Months Ended March 31,
20252024
Net income
$6,036 $19,709 
Basic weighted average shares outstanding
30,973 30,780 
Stock compensation178 492 
Diluted weighted average shares outstanding
31,151 31,272 
Net income (per share)
Basic
$0.19 $0.64 
Diluted
0.19 0.63 
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 for the three months ended March 31, 2025 and 2.5 million for the three months ended March 31, 2024.