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Earnings Per Share
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

Earnings Per Share:

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

 

Three Months Ended
March 31,

 

 

2024

 

 

2023

 

Basic EPS

 

 

 

 

 

Net income (In thousands of dollars)

$

11,240

 

 

$

7,075

 

Weighted average shares outstanding

 

37,278,214

 

 

 

37,823,628

 

Basic earnings per share

$

0.30

 

 

$

0.19

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

Net income (In thousands of dollars)

$

11,240

 

 

$

7,075

 

Weighted average shares outstanding for basic earnings per share

 

37,278,214

 

 

 

37,823,628

 

Dilutive effect of restricted stock awards

 

201,038

 

 

 

109,571

 

Weighted average shares for diluted earnings per share

 

37,479,252

 

 

 

37,933,199

 

Diluted earnings per share

$

0.30

 

 

$

0.19

 

 

There were 125,918 and 152,402 restricted stock awards that were considered anti-dilutive for the three month periods ended March 31, 2024 and 2023, respectively.