The computation of weighted average shares outstanding and the basic and diluted earnings per common share for the years ended December 31, 2024, 2023 and 2022, consisted of the following (in thousands, except per share amounts): | | | | | | | | | | | | 2024 | | 2023 | | 2022 | Net income | | $ | 120,357 | | $ | 94,411 | | $ | 74,516 | Average common shares outstanding | | | 58,218 | | | 57,593 | | | 56,806 | Basic EPS | | $ | 2.07 | | $ | 1.64 | | $ | 1.31 | | | | | | | | | | | Average common shares outstanding | | | 58,218 | | | 57,593 | | | 56,806 | Effect of dilutive stock awards | | | 760 | | | 763 | | | 865 | Effect of dilutive convertible notes | | | 387 | | | — | | | — | Total potential shares outstanding | | | 59,365 | | | 58,356 | | | 57,671 | Diluted EPS | | $ | 2.03 | | $ | 1.62 | | $ | 1.29 | | | | | | | | | | | Equity awards excluded as the impact was anti-dilutive (1) | | | 672 | | | 1,143 | | | 1,438 |
| (1) | Does not reflect the impact of incremental repurchases under the treasury stock method. |
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