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Earnings Per Share
 3 Months Ended
Mar. 31, 2023
Earnings per share:  
Earnings Per Share

(6) Earnings Per Share

 

Earnings per share for the three-month periods ended March 31, 2023 and 2022 were calculated using the weighted average number of shares outstanding for the related period. The following table reconciles the number of shares used in the computations of basic and diluted earnings per share for the three-month periods ended March 31, 2023 and 2022:

 

          
   Three Months Ended 
   March 31, 
   2023   2022 
   (In thousands) 
Weighted average number of common shares outstanding during the period used to compute basic earnings per share   20,418    21,221 
           
Incremental common shares attributable to exercise of outstanding options and warrants   4,974    6,976 
           
Weighted average number of common shares used to compute diluted earnings per share   25,392    28,197 

 

If the anti-dilutive effects of common stock equivalents were considered, shares included in the diluted earnings per share calculation for the three-months ended March 31, 2023 and 2022 would have included an additional 1.7 million and 558,000 shares, respectively, attributable to the exercise of outstanding options and warrants.