Common and Common Equivalent Shares

6 Months Ended

Jun. 30, 2024

9. Common and Common Equivalent Shares:

Basic net income per common share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per common share is calculated by dividing net income by the weighted average number of common and potential common shares outstanding during the period. Potential common shares consist of outstanding restricted stock and stock options and is calculated using the treasury stock method.

The calculation of shares used in the basic and diluted net income per common share calculation for the three and six months ended June 30, 2024 and 2023 is as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Weighted average number of common shares outstanding		83,332		82,399		83,074		82,033
Weighted average number of dilutive common share equivalents (a)		—		265		—		344
Weighted average number of common and common equivalent shares outstanding		83,332		82,664		83,074		82,377
Antidilutive securities (restricted stock and stock options) not included in the diluted net income per common share calculation		916		1,338		661		1,358

(a) Due to a loss for the three and six months ended June 30, 2024, 0.1 million and 0.3 million incremental shares, respectively, are not included because the effect would be antidilutive.