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Earnings Per Share
 3 Months Ended
Mar. 31, 2024
Earnings per share:  
Earnings Per Share

(6) Earnings Per Share

 

Earnings per share for the three-month periods ended March 31, 2024 and 2023 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, 2024 and 2023:

          
  Three Months Ended 
  March 31, 
   2024   2023 
  (In thousands) 
Weighted average number of common shares outstanding during the period used to compute basic earnings per share   21,143    20,418 
Incremental common shares attributable to exercise of outstanding options and warrants   3,459    4,974 
Weighted average number of common shares used to compute diluted earnings per share   24,602    25,392 

 

 

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, 2024 and 2023 would have included an additional 1.7 million shares attributable to the exercise of outstanding options and warrants.