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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Computation of Basic and Diluted 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