XML 29 R22.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Earnings Per Share | 3 Months Ended
--- | ---
Mar. 31, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | Note 13 – Earnings Per Share Basic earnings per share is computed using the weighted-average number of common shares outstanding. Diluted earnings per share is computed using the weighted-average number of common shares outstanding adjusted for the incremental shares attributed to outstanding stock equivalents. Stock equivalents include common shares issuable upon the exercise of stock options and other equity instruments and are computed using the treasury stock method. Under the treasury stock method, the exercise price of a share and the amount of compensation cost, if any, for future service that the Company has not yet recognized are assumed to be used to repurchase shares in the current period. The following table sets forth the calculation of the Company's basic and diluted earnings per share:
|  | Three Months Ended March 31, |
(in thousands, except per share data) |  | 2024 |  |  | 2023 |
Net income |  | $ | 14,002 |  |  | $ | 12,360 |
Denominator for basic earnings per share |  |  | 35,810 |  |  |  | 35,336 |
Incremental common shares attributable to outstanding restricted stock units |  |  | 586 |  |  |  | 250 |
Incremental common shares attributable to exercise of dilutive options |  |  | 5 |  |  |  | 6 |
Denominator for diluted earnings per share |  |  | 36,401 |  |  |  | 35,592 |
Earnings per share: |  |  |  |  |  |
Basic |  | $ | 0.39 |  |  | $ | 0.35 |
Diluted |  | $ | 0.38 |  |  | $ | 0.35 |
During the three months ended March 31, 2024 and 2023, there were no anti-dilutive stock options excluded from the computation of diluted earnings per share. Restricted stock units totaling less than 0.1 million and 0.2 million common shares for the three months ended March 31, 2024 and 2023, respectively, were excluded from the computation of diluted earnings per share.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration