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Net Income per Share | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Net Income per Share | Net Income per Share The following is a reconciliation of the numerator and denominator of basic and diluted net income per common share as of the dates indicated:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Numerator |  |  |  |  |  |  |
Net income | $ | 12,418 |  |  | $ | 15,013 |  |  | $ | 27,485 |  |  | $ | 21,747 |
Allocation of earnings to participating securities | (133) |  |  | (130) |  |  | (295) |  |  | (192) |
Numerator for basic and diluted EPS - net income available to common stockholders | $ | 12,285 |  |  | $ | 14,883 |  |  | $ | 27,190 |  |  | $ | 21,555 |
Denominator |  |  |  |  |  |  |
Weighted-average common shares outstanding - basic | 16,883,028 |  |  | 16,774,661 |  |  | 16,871,383 |  |  | 16,400,370 |
Dilutive effect of assumed exercise of stock options | 21,070 |  |  | 7,262 |  |  | 17,167 |  |  | 27,217 |
Weighted-average common shares outstanding - diluted | 16,904,098 |  |  | 16,781,923 |  |  | 16,888,550 |  |  | 16,427,587 |
Net income per share - basic | $ | 0.73 |  |  | $ | 0.91 |  |  | $ | 1.61 |  |  | $ | 1.31 |
Net income per share - diluted | $ | 0.73 |  |  | $ | 0.90 |  |  | $ | 1.61 |  |  | $ | 1.30 |
Potential dilutive shares are excluded from the computation of earnings per share if their effect is anti-dilutive. There were 109,450 and 537,524 stock options that were anti-dilutive as of June 30, 2024 and 2023, respectively.

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