Earnings Per Share

9 Months Ended

Sep. 30, 2023

Earnings Per Share:

The computation of basic and diluted earnings per share is shown in the following table:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Basic EPS
Net income (In thousands of dollars)	$	13,314	$	15,446	$	35,356	$	47,241
Weighted average shares outstanding		37,241,383		33,851,596		37,430,782		33,840,958
Basic earnings per share	$	0.36	$	0.46	$	0.94	$	1.40

Diluted EPS
Net income (In thousands of dollars)	$	13,314	$	15,446	$	35,356	$	47,241
Weighted average shares outstanding for basic earnings per share		37,241,383		33,851,596		37,430,782		33,840,958
Dilutive effect of restricted stock awards		137,971		80,286		102,427		84,473
Weighted average shares for diluted earnings per share		37,379,354		33,931,882		37,533,209		33,925,431
Diluted earnings per share	$	0.36	$	0.46	$	0.94	$	1.39

There were 13,046 and 204,105 restricted stock awards that were considered anti-dilutive for the three and nine month periods ended September 30, 2023, respectively. There were 124,492 and 188,992 restricted stock awards that were considered anti-dilutive for the three and nine month periods ended September 30, 2022, respectively.