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Earnings per share ("EPS")
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Earnings per share ("EPS")

15. Earnings per share (“EPS”)

For the three months ended March 31, 2024, and 2023, no adjustments were made to net income for purposes of calculating basic and diluted EPS. The following is a reconciliation of the weighted average shares used in diluted EPS computations.

 

 

 

Three Months Ended
March 31,

 

(Unaudited, In thousands)

 

2024

 

 

2023

 

Weighted average common shares-basic

 

 

37,741

 

 

 

35,734

 

Effect of dilutive securities

 

 

 

 

 

 

Unexercised stock options and stock purchase plan

 

 

—

 

 

 

—

 

Unvested restricted stock units

 

 

—

 

 

 

—

 

Weighted average common shares-diluted

 

 

37,741

 

 

 

35,734

 

 

There were 6.7 million and 7.2 million weighted average outstanding stock options and restricted stock units not included in the diluted EPS computation for the three months ended March 31, 2024, and 2023, respectively, because inclusion of these awards was anti-dilutive.