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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Earnings per Share and Weighted Average Shares Outstanding Used in Calculating Basic and Diluted Earnings per Share

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 March 31,

 

 

 

2023

 

 

2022

 

Net income

 

$

7,963

 

 

$

11,747

 

 

 

 

 

 

 

 

Basic weighted average shares of Common Stock outstanding

 

 

33,181,828

 

 

 

33,034,872

 

Dilutive effect of stock options, restricted stock awards and restricted stock units

 

 

204,306

 

 

 

341,892

 

Diluted weighted average shares of Common Stock outstanding

 

 

33,386,134

 

 

 

33,376,764

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.24

 

 

$

0.36

 

Diluted earnings per share

 

$

0.24

 

 

$

0.35