v3.24.3
EARNINGS PER SHARE
9 Months Ended
Sep. 30, 2024
EARNINGS PER SHARE  
EARNINGS PER SHARE

16. EARNINGS PER SHARE

Basic earnings per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding. Diluted net income per share of common is computed under the treasury stock method by using the weighted average number of shares of common stock outstanding, plus, for periods with net income, the potential dilutive effects of stock options, stock appreciation rights and restricted stock units.

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

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Three Months Ended September 30, 

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Nine Months Ended September 30, 

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2024

    

2023

    

2024

    

2023

Numerator

 

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Net income

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$

46,093

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$

38,461

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$

96,018

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$

102,246

Denominator

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Net income per share of common stock - basic

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$

0.81

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$

0.64

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$

1.69

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$

1.71

Net income per share of common stock- diluted

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$

0.79

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$

0.63

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$

1.66

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$

1.68

Weighted average number of shares of common stock - basic

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56,870,234

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59,863,102

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56,815,167

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59,856,941

Weighted average number of shares of common stock - diluted

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58,103,963

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60,681,676

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57,754,016

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60,892,992

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Securities outstanding that were included in the computation above, utilizing the treasury stock method are as follows:

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Three Months Ended September 30, 

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Nine Months Ended September 30, 

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2024

    

2023

    

2024

    

2023

Stock options, SARs, and RSUs to purchase common stock

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1,233,729

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818,574

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938,849

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1,036,051

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Potential shares of common stock issuable that were excluded from the computation of diluted weighted-average shares outstanding excluded from the numerator, are as follows:

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Three Months Ended September 30, 

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Nine Months Ended September 30, 

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2024

    

2023

    

2024

    

2023

Stock options, SARs, and RSUs to purchase common stock

 

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6,868,642

 

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5,518,309

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7,163,522

 

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5,300,832

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