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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net income

 

$

15,965

 

 

$

15,844

 

 

$

49,626

 

 

$

22,256

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares of Common Stock outstanding

 

 

31,186,867

 

 

 

32,944,386

 

 

 

31,420,826

 

 

 

33,049,097

 

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

 

 

178,182

 

 

 

251,614

 

 

 

184,376

 

 

 

261,504

 

Diluted weighted average shares of Common Stock outstanding

 

 

31,365,049

 

 

 

33,196,000

 

 

 

31,605,202

 

 

 

33,310,601

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.51

 

 

$

0.48

 

 

$

1.58

 

 

$

0.67

 

Diluted earnings per share

 

$

0.51

 

 

$

0.48

 

 

$

1.57

 

 

$

0.67