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Earnings Per Common Share
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Common Share
Note 14—Earnings Per Common Share

Basic and diluted earnings per common share are computed by dividing net income by the weighted-average number of basic and diluted common shares outstanding, respectively. The weighted-average number of diluted common shares includes the impact of dilutive securities, including outstanding stock options, restricted stock units, performance stock units and deferred stock units. During periods of net loss, diluted loss per share equals basic loss per share as the antidilutive effect of potential common shares is disregarded. The table below reconciles the weighted-average basic and diluted common shares outstanding:


Three Months Ended March 31,
20242023
(in thousands)
Numerator for basic and diluted earnings per share:
Net income$15,309 $11,671 
Denominator
Weighted average number of common shares outstanding - basic73,926 74,497 
Effect of dilutive securities1
129 21 
Weighted average number of common shares outstanding - diluted74,055 74,518 
Basic earnings per share:$0.21 $0.16 
Diluted earnings per share:$0.21 $0.16 
1.Certain outstanding equity awards are anti-dilutive and therefore excluded from the calculation of the weighted average number of diluted common shares outstanding.

Anti-dilutive outstanding equity awards under share-based compensation plans were as follows:
Three Months Ended March 31,
20242023
(in thousands)
Anti-dilutive 2,689 3,191