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Computation of Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings Per Share

The calculation of basic and diluted earnings per share for the three months ended March 31, was as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Numerator

 

 

 

 

 

 

Net income

 

$

21,398

 

 

$

12,285

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

Determination of shares (in thousands)

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

4,937

 

 

 

4,928

 

Dilutive effect – share-based awards

 

 

60

 

 

 

15

 

Diluted weighted-average common shares outstanding

 

 

4,997

 

 

 

4,943

 

 

 

 

 

 

 

 

Earnings per common share

 

 

 

 

 

 

Basic

 

$

4.33

 

 

$

2.49

 

Diluted

 

$

4.28

 

 

$

2.49