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Earnings Per Share | 9 Months Ended
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Sep. 30, 2022
Earnings Per Share [Abstract] |
Earnings per Share | Note 9 –Earnings Per Share Basic earnings per share are computed by dividing net income by the weighted average number of shares of Common Stock outstanding during the period. The Company’s diluted earnings per share give effect to all potential shares of Common Stock outstanding during a period that do not have an anti-dilutive impact to the calculation. In computing the diluted earnings per share, the treasury stock method is used in determining the number of shares assumed to be issued from the exercise of Common Stock equivalents. The following table illustrates earnings per share and the weighted average shares outstanding used in calculating basic and diluted earnings per share:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Net income |  | $ | 9,827 |  |  | $ | 15,686 |  |  | $ | 28,646 |  |  | $ | 73,386 |
Basic weighted average shares of Common Stock outstanding |  |  | 33,162,181 |  |  |  | 33,177,743 |  |  |  | 33,105,854 |  |  |  | 33,075,399 |
Dilutive effect of stock options, restricted stock awards and restricted stock units |  |  | 308,258 |  |  |  | 431,341 |  |  |  | 353,896 |  |  |  | 413,501 |
Diluted weighted average shares of Common Stock outstanding |  |  | 33,470,439 |  |  |  | 33,609,084 |  |  |  | 33,459,750 |  |  |  | 33,488,900 |
Basic earnings per share |  | $ | 0.30 |  |  | $ | 0.47 |  |  | $ | 0.87 |  |  | $ | 2.22 |
Diluted earnings per share |  | $ | 0.29 |  |  | $ | 0.47 |  |  | $ | 0.86 |  |  | $ | 2.19 |
There were no shares excluded from the Company’s diluted earnings per share for the three and nine months ended September 30, 2022 and 2021 on the basis that their inclusion would have an anti-dilutive impact on the calculation.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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