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Earnings per Share | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Earnings per Share | 10. Earnings per Share: The computation of basic earnings per share is based on the weighted average number of common shares outstanding for the six-month periods ended June 30, 2022 and 2023. The calculation of basic earnings per share does not consider the non-vested shares as outstanding until the time-based vesting restriction has lapsed. Diluted earnings per share gives effect to stock awards and restricted stock units using the treasury stock method, unless the impact is anti-dilutive. The Company calculates basic and diluted earnings per share as follows: Earnings per Share (Table)
|  | Six months ended June 30,
|  | 2022 |  | 2023
Income : |  |  |  |
Net income | $ | 370,510 | $ | 90,194
Basic earnings per share: |  |  |  |
Weighted average common shares outstanding, basic |  | 102,098,942 |  | 102,821,671
Basic earnings per share | $ | 3.63 | $ | 0.88
Effect of dilutive securities: |  |  |  |
Dillutive effect of non vested shares |  | 341,003 |  | 349,053
Weighted average common shares outstanding, diluted |  | 102,439,945 |  | 103,170,724
Diluted earnings per share | $ | 3.62 | $ | 0.87

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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