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Earnings Per Share
6 Months Ended
Jun. 30, 2024
Earnings Per Share  
Earnings Per Share

Note 9 – Earnings Per Share

The earnings per share, both basic and diluted, are as follows:

Three Months Ended June 30, 

Six Months Ended June 30, 

    

2024

    

2023

    

2024

    

2023

    

Basic earnings per share:

Weighted-average common shares outstanding

44,846,848

44,665,127

44,802,704

44,642,250

Net income

$

21,891

$

25,562

$

43,203

$

49,169

Basic earnings per share

$

0.48

$

0.57

$

0.96

$

1.10

Diluted earnings per share:

Weighted-average common shares outstanding

44,846,848

44,665,127

44,802,704

44,642,250

Dilutive effect of unvested restricted awards 1

835,391

759,291

800,358

728,556

Diluted average common shares outstanding

45,682,239

45,424,418

45,603,062

45,370,806

Net Income

$

21,891

$

25,562

$

43,203

$

49,169

Diluted earnings per share

$

0.48

$

0.56

$

0.95

$

1.08

1 Includes the common stock equivalents for restricted share rights that are dilutive.