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Earnings Per Share
 9 Months Ended
Sep. 30, 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
September 30,

 

 

Nine Months Ended
September 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

Net income (In thousands of dollars)

$

8,535

 

 

$

13,314

 

 

$

31,558

 

 

$

35,356

 

Weighted average shares outstanding

 

37,352,872

 

 

 

37,241,383

 

 

 

37,319,035

 

 

 

37,430,782

 

Basic earnings per share

$

0.23

 

 

$

0.36

 

 

$

0.85

 

 

$

0.94

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

Net income (In thousands of dollars)

$

8,535

 

 

$

13,314

 

 

$

31,558

 

 

$

35,356

 

Weighted average shares outstanding for basic earnings per share

 

37,352,872

 

 

 

37,241,383

 

 

 

37,319,035

 

 

 

37,430,782

 

Dilutive effect of restricted stock awards

 

214,083

 

 

 

137,971

 

 

 

175,503

 

 

 

102,427

 

Weighted average shares for diluted earnings per share

 

37,566,955

 

 

 

37,379,354

 

 

 

37,494,538

 

 

 

37,533,209

 

Diluted earnings per share

$

0.23

 

 

$

0.36

 

 

$

0.84

 

 

$

0.94

 

 

There were no restricted stock awards that were considered anti-dilutive for the three month period ended September 30, 2024 and 167,178 restricted stock awards that were considered anti-dilutive for the nine month period ended September 30, 2024. 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.