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Net Income Per Share | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Net Income Per Share | Net Income Per Share The Company calculated net income per share using the treasury stock method. The table below sets forth the computation of basic and diluted net income per share for the periods presented below:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
|  | (In thousands, except per share)
Net income |  | $ | 8,647 |  |  | $ | 59,817 |  |  | $ | 73,566 |  |  | $ | 91,204 |
Basic weighted-average common shares outstanding |  | 19,680 |  |  | 19,546 |  |  | 19,667 |  |  | 19,530 |
Restricted shares |  | 309 |  |  | 41 |  |  | 297 |  |  | 102 |
Diluted weighted average common shares outstanding |  | 19,989 |  |  | 19,587 |  |  | 19,964 |  |  | 19,632 |
Basic net income per share |  | $ | 0.44 |  |  | $ | 3.06 |  |  | $ | 3.74 |  |  | $ | 4.67 |
Diluted net income per share |  | $ | 0.43 |  |  | $ | 3.05 |  |  | $ | 3.68 |  |  | $ | 4.65 |
The following shares were excluded from the calculation of diluted net income per share due to their anti-dilutive effect for the periods presented:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Restricted shares | 186,701 |  |  | 293,473 |  |  | 199,051 |  |  | 232,246 |

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