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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The following table presents earnings per share for the three months ended March 31, 2024 and 2023:
Three Months Ended March 31,
(shares presented in the table are in thousands)20242023
Net income$8,531 $9,156 
Weighted average shares outstanding - basic10,349 10,385 
Dilutive effect of share-based compensation133 111 
Weighted average shares outstanding - diluted10,482 10,496 
Per share information:
Basic earnings per share$0.82 $0.88 
Diluted earnings per share0.81 0.87 
For the three months ended March 31, 2024, there were average outstanding restricted award shares totaling 1,549 compared to 5,513 shares for the three months ended March 31, 2023 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.