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Computation of Earnings Per Share | 9 Months Ended
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Sep. 30, 2022
Earnings Per Share [Abstract] |
Computation of Earnings Per Share | NOTE H – COMPUTATION OF EARNINGS PER SHARE Basic earnings per share were computed by dividing Net income by the weighted-average number of common shares outstanding for each respective period. Diluted earnings per share were calculated by dividing Net income by the weighted-average of all potentially dilutive common stock that was outstanding during the periods presented. The calculation of basic and diluted earnings per share for the three and nine months ended September 30, 2022 and 2021 was as follows:
|  | Three Months Ended September 30 |  |  | Nine Months Ended September 30 |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Numerator |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 11,887 |  |  | $ | 10,708 |  |  | $ | 37,884 |  |  | $ | 26,755 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |
Determination of shares |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding |  |  | 4,937 |  |  |  | 4,900 |  |  |  | 4,935 |  |  |  | 4,909 |
Dilutive effect – share-based awards |  |  | 99 |  |  |  | 75 |  |  |  | 48 |  |  |  | 41 |
Diluted weighted-average common shares outstanding |  |  | 5,036 |  |  |  | 4,975 |  |  |  | 4,983 |  |  |  | 4,950 |
Earnings per common share |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 2.41 |  |  | $ | 2.19 |  |  | $ | 7.68 |  |  | $ | 5.45 |
Diluted |  | $ | 2.36 |  |  | $ | 2.15 |  |  | $ | 7.60 |  |  | $ | 5.40 |
For the three and nine months ended September 30, 2022, 36,500 stock options were excluded from the calculation of diluted earnings per share as the effect would have been anti-dilutive. For the three and nine months ended September 30, 2021, 13,000 stock options were excluded from the calculation of diluted earnings per share as the effect would have been anti-dilutive.

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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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