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Earnings Per Share
 6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
 
The computation of basic and diluted earnings per share ("EPS") is based on Net income divided by the basic weighted average number of common shares outstanding and diluted weighted average number of common shares outstanding, respectively. The details of the basic and diluted EPS calculations for the three and six months ended June 30, 2023 and 2022 were as follows:
 
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Basic
Net income$32,728 $65,157 $67,682 $128,230 
Weighted average common shares outstanding27,494,555 28,168,207 27,547,874 28,183,951 
EPS – Basic$1.19 $2.31 $2.46 $4.55 
Diluted
Dilutive effect of equity awards and other stock-based holdings618,847 1,094,502 800,392 1,132,841 
Weighted average common shares outstanding28,113,402 29,262,709 28,348,266 29,316,792 
EPS – Diluted$1.16 $2.23 $2.39 $4.37 
Diluted EPS is computed based upon the weighted average number of common shares outstanding for the period plus the dilutive effect of common stock equivalents using the treasury stock method and the average market price of our common stock for the period.

The diluted EPS calculations exclude the effect of stock options when the options’ assumed proceeds exceed the average market price of the common shares during the period. The anti-dilutive common stock equivalents outstanding at the three and six months ended June 30, 2023 and 2022 were as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Options and stock equivalents 503,354 121,794 404,009 121,055 

Dividend activity for the three and six months ended June 30, 2023 and 2022 was as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Cash dividends declared per share$0.145 $0.125 $0.290 $0.250 
Aggregate dividends paid to shareholders$3,984 $3,515 $8,004 $7,032