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Computation of Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings Per Share

The calculation of basic and diluted earnings per share for the year ended December 31 was as follows:

 

 

 

2022

 

 

2021

 

 

2020

 

Numerator

 

 

 

 

 

 

 

 

 

Net income

 

$

54,395

 

 

$

35,729

 

 

$

29,803

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

Determination of shares (in thousands)

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

4,931

 

 

 

4,907

 

 

 

4,923

 

Dilutive effect – share-based awards

 

 

68

 

 

 

63

 

 

 

61

 

Diluted weighted-average common shares outstanding

 

 

4,999

 

 

 

4,970

 

 

 

4,984

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share

 

 

 

 

 

 

 

 

 

Basic

 

$

11.03

 

 

$

7.28

 

 

$

6.05

 

Diluted

 

$

10.88

 

 

$

7.19

 

 

$

5.98