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Earnings Per Share
3 Months Ended
Mar. 31, 2023
Earnings Per Share  
Earnings Per Share

3.    Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

Three Months Ended March 31,

    

2023

2022

    

(In thousands, except per share amounts)

Numerator:

  

 

  

Net earnings

$

7,445

$

4,053

 

 

 

Denominator:

 

 

 

Basic weighted average shares outstanding

 

 

9,483

 

9,596

Effect of dilutive securities:

 

 

 

Employee share-based awards

 

 

62

 

51

Diluted weighted average shares outstanding

 

 

9,545

 

9,647

 

 

 

Basic earnings per share

$

0.79

$

0.42

 

 

 

Diluted earnings per share

$

0.78

$

0.42

Diluted weighted average shares outstanding for the three months ended March 31, 2023 excludes anti-dilutive stock options totaling 1,042,000 shares of common stock at a weighted average exercise price of $26.79. Diluted weighted average shares outstanding for the three months ended March 31, 2022 excludes anti-dilutive stock options totaling 928,000 shares of common stock at a weighted average exercise price of $27.24.