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Net Income Per Share
 12 Months Ended
Dec. 31, 2024
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:
Year Ended December 31,
20242023
(In thousands, except per share amounts)
Net income
$88,897 $111,591 
Basic weighted-average common shares outstanding
20,712 19,705 
Restricted shares
163 295 
Diluted weighted-average common shares outstanding
20,875 20,000 
Basic net income per common share
$4.29 $5.66 
Diluted net income per common share
$4.26 $5.58 

The following shares were excluded from the calculation of diluted net income per share due to their anti-dilutive effect for the periods presented:
Year Ended December 31,
20242023
Restricted shares
226,742 294,817