EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2023

The following table presents earnings per share for the three and six months ended June 30, 2023 and 2022:


	Three Months Ended June 30,				Six Months Ended June 30,
(shares presented in the table are in thousands)	2023		2022		2023		2022
Net income	$	9,838	$	8,871	$	18,994	$	17,239
Weighted average shares outstanding - basic	10,336		10,610		10,360		10,735
Dilutive effect of share-based compensation	85		134		98		140
Weighted average shares outstanding - diluted	10,421		10,744		10,458		10,875
Per share information:
Basic earnings per share	$	0.95	$	0.84	$	1.83	$	1.61
Diluted earnings per share	0.94		0.83		1.82		1.59

For the three and six months ended June 30, 2023, there were average outstanding restricted award shares totaling 14,268 and 9,891, respectively, compared to 4,433 and 58,328 for the three and six months ended June 30, 2022, respectively, excluded from the computation of earnings per share because the effect was antidilutive, as the grant price exceeded the average market price. The dilutive effect of share-based compensation in each period above relates principally to restricted stock awards.