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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2024
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,

 

 

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