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Earnings Per Share
 9 Months Ended
Sep. 30, 2023
Earnings per share:  
Earnings Per Share

(6) Earnings Per Share

 

Earnings per share for the three-month and nine-month periods ended September 30, 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 and nine-month periods ended September 30, 2023 and 2022:

                    
   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
   2023   2022   2023   2022 
   (In thousands)   (In thousands) 
Weighted average number of common shares outstanding during the period used to compute basic earnings per share   21,154    20,911    20,815    21,166 
                     
Incremental common shares attributable to exercise of outstanding options and warrants   4,064    5,743    4,516    6,346 
                     
Weighted average number of common shares used to compute diluted earnings per share   25,218    26,654    25,331    27,512 

 

If the anti-dilutive effects of common stock equivalents were considered, shares included in the diluted earnings per share calculation for the three-month and nine-month periods ended September 30, 2023 would have included an additional 1.5 million and 1.5 million shares, respectively, attributable to the exercise of outstanding options and warrants. For the three-month and nine-month periods ended September 30, 2022, 1.7 million and 1.0 million shares, respectively, would be included in the diluted earnings per share calculation.