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Shareholders’ Equity | 6 Months Ended
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Jun. 30, 2023
Equity [Abstract] |
Shareholders’ Equity | Note 11. Shareholders’ Equity Dividends On June 15, 2023, the Company declared a regular quarterly dividend of $0.09 per share, or $0.36 per share on an annualized basis. The dividend was paid on July 31, 2023, to shareholders of record as of the close of business on June 30, 2022. Earnings per Share The following table sets forth the computation of the basic and diluted earnings per share for the three and six months ended June 30, 2023 and 2022: Schedule of Earnings Per Share, Basic and Diluted
|  | Three months ended |  |  | Six months ended |
|  | June 30, |  |  | June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Numerator for basic and diluted earnings per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Income |  | $ | 52,565 |  |  | $ | 33,413 |  |  | $ | 100,937 |  |  | $ | 54,366 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic earnings per ordinary share - weighted average shares outstanding |  |  | 47,674,041 |  |  |  | 47,674,773 |  |  |  | 47,674,403 |  |  |  | 47,674,773 |
Effect of dilutive securities and stock dividend |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Denominator for diluted earnings per ordinary share - weighted average shares outstanding |  |  | 47,674,041 |  |  |  | 47,674,773 |  |  |  | 47,674,403 |  |  |  | 47,674,773 |
Basic earnings per ordinary share |  | $ | 1.10 |  |  | $ | 0.70 |  |  | $ | 2.12 |  |  | $ | 1.14 |
Diluted earnings per ordinary share |  | $ | 1.10 |  |  | $ | 0.70 |  |  | $ | 2.12 |  |  | $ | 1.14 |

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