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Earnings Per Share
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The following table sets forth the computation of the basic and diluted earnings per share (in thousands, except per share data):
Three months ended September 30,Nine months ended September 30,
2022202320222023
Numerator for basic and diluted earnings per share:
Net income$5,860 $4,645 $33,361 $21,775 
Less: Earnings allocated to unvested restricted stock(3)(44)(21)(194)
Income attributable to common stockholders$5,857 $4,601 33,340 21,581 
Denominator:
Denominator for basic earnings per common share – weighted average shares outstanding14,689 14,820 14,908 14,791 
Effect of dilutive securities:
Stock options160 83 253 78 
Performance awards688 611 688 611 
Denominator for diluted earnings per common share – weighted average shares outstanding15,537 15,514 15,849 15,480 
Basic earnings per common share:$0.40 $0.31 $2.22 $1.46 
Diluted earnings per common share:$0.38 $0.30 $2.09 $1.39 
Stock options excluded from the computation of diluted earnings per share because the inclusion of such stock options would result in an antidilutive effect are as follows:
Three months ended September 30,Nine months ended September 30,
2022202320222023
Antidilutive stock options363,073 1,233,784 294,310 1,200,211 
Our performance awards are considered to be contingently issuable shares because their issuance is contingent upon the satisfaction of certain performance and service conditions. At September 30, 2023, we had satisfied certain performance criteria for the first, second and third predetermined growth targets of our performance awards to be considered outstanding. Therefore, we included these awards in the computation of diluted earnings per share as of the beginning of the reporting period.