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Earnings Per Share (Tables)
12 Months Ended
Dec. 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:

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

Net income

 

$

64,947

 

 

$

40,343

 

 

$

24,441

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares of Common Stock outstanding

 

 

31,293,113

 

 

 

32,778,055

 

 

 

33,126,202

 

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

 

 

183,373

 

 

 

288,862

 

 

 

376,952

 

Diluted weighted average shares of Common Stock outstanding

 

 

31,476,486

 

 

 

33,066,917

 

 

 

33,503,154

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

2.08

 

 

$

1.23

 

 

$

0.74

 

Diluted earnings per share

 

$

2.06

 

 

$

1.22

 

 

$

0.73