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Earnings Per Share | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The following table provides the calculation of basic and diluted earnings per share:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| ($ in thousands, except share and per share data)
Numerator |  |  |  |  |  |  |
Net income | $ | 12,092 |  |  | $ | 8,708 |  |  | $ | 24,637 |  |  | $ | 20,263 |
Denominator |  |  |  |  |  |  |
Basic weighted average shares outstanding | 32,658,823 |  |  | 24,000,000 |  |  | 28,119,193 |  |  | 24,000,000 |
Effect of dilutive awards: |  |  |  |  |  |  |
Restricted stock units | 329,262 |  |  | — |  |  | 148,210 |  |  | — |
Performance stock units | 108,339 |  |  | — |  |  | 50,915 |  |  | — |
Warrants(1) | 167,534 |  |  | — |  |  | 34,102 |  |  | — |
Diluted weighted average shares outstanding | 33,263,958 |  |  | 24,000,000 |  |  | 28,352,420 |  |  | 24,000,000 |
Earnings per share |  |  |  |  |  |  |
Basic | $ | 0.37 |  |  | $ | 0.36 |  |  | $ | 0.88 |  |  | $ | 0.84 |
Diluted | $ | 0.36 |  |  | $ | 0.36 |  |  | $ | 0.87 |  |  | $ | 0.84 |
__________________ (1)As of September 30, 2024 and 2023, there were nil anti-dilutive awards for both periods that were excluded from the calculation of diluted weighted-average shares outstanding.

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