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Computation of Earnings Per Share
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Computation of Earnings Per Share COMPUTATION OF EARNINGS PER SHARE
Basic earnings per share were computed by dividing net income by the weighted-average number of common shares outstanding for each respective period. Diluted earnings per share were calculated by dividing net income by the weighted-average of all potentially dilutive common shares that were outstanding during the periods presented.
The calculation of basic and diluted earnings per share for the three and nine months ended September 30, was as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Numerator
Net income$7,680 $15,130 $26,642 $57,000 
Denominator
Determination of shares (in thousands)
Weighted-average common shares outstanding4,9044,9064,9114,929
Dilutive effect – share-based awards73844877
Diluted weighted-average common shares outstanding4,9774,9904,9595,006
Earnings per common share
Basic$1.57 $3.08 $5.42 $11.56 
Diluted$1.54 $3.03 $5.37 $11.39 
For the three and nine months ended September 30, 2024 and 2023, there were zero share-based awards excluded from the calculation of diluted earnings per share as there was no anti-dilutive effect .