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Earnings per share ("EPS")
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings per share ("EPS")

15. Earnings per share (“EPS”)

For the three and six months ended June 30, 2024, 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
June 30,

 

 

Six Months Ended
June 30,

 

(Unaudited, In thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Weighted average common shares-basic

 

 

38,020

 

 

 

36,762

 

 

 

37,787

 

 

 

36,252

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

Unexercised stock options and stock purchase plan

 

 

 

 

 

 

 

 

 

 

 

 

Unvested restricted stock units

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares-diluted

 

 

38,020

 

 

 

36,762

 

 

 

37,787

 

 

 

36,252

 

 

There were 7.1 million and 7.0 million weighted average outstanding stock options and restricted stock units not included in the diluted EPS computation for the three months ended June 30, 2024, and 2023, respectively, and 6.9 million and 7.1 million weighted average outstanding stock options and restricted stock units not included in the diluted EPS computation for the six months ended June 30, 2024, and 2023, respectively, because inclusion of these awards was anti-dilutive.