Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.24.3
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Summary of Earnings Per Share, Basic and Diluted
The following is a reconciliation of the numerator and denominator for the computation of basic and diluted earnings per share:
Three Months Ended September 30, Nine Months Ended September 30,
(In thousands, except per share data) 2024 2023 2024 2023
Numerator:
Net income attributable to common shareholders $ 17,599  $ 21,265  $ 19,672  $ 28,735 
Adjustment for accretion of tax equity financing fees (26) (26) (80) (81)
Income attributable to common shareholders $ 17,573  $ 21,239  $ 19,592  $ 28,654 
Denominator:
Basic weighted-average shares outstanding 52,413  52,209  52,352  52,104 
Effect of dilutive securities:
Stock options 830  1,091  746  1,155 
Diluted weighted-average shares outstanding 53,243  53,300  53,098  53,259 
Net income per share attributable to common shareholders:
Basic $ 0.34  $ 0.41  $ 0.37  $ 0.55 
Diluted $ 0.33  $ 0.40  $ 0.37  $ 0.54 
Potentially dilutive shares (1)
2,204  1,954  2,084  1,950 
(1) Potentially dilutive shares attributable to stock options were excluded from the computation of diluted earnings per share as the effect would have been anti-dilutive.