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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2024
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,

 

 

 

2024

 

 

2023

 

Net income

 

$

14,785

 

 

$

7,963

 

 

 

 

 

 

 

 

Basic weighted average shares of Common Stock outstanding

 

 

31,543,784

 

 

 

33,181,828

 

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

 

 

147,547

 

 

 

204,306

 

Diluted weighted average shares of Common Stock outstanding

 

 

31,691,331

 

 

 

33,386,134

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.47

 

 

$

0.24

 

Diluted earnings per share

 

$

0.47

 

 

$

0.24