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Earnings Per Share | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the sum of the weighted-average number of common shares outstanding and the weighted-average number of potential common shares outstanding. Under the treasury stock method, stock appreciation rights (“SARs”) are dilutive when the average market price of the Company’s common stock, combined with the effect of any unamortized compensation expense, exceeds the SAR price during a period. The calculations of basic and diluted earnings per share are as follows:
(In thousands except share and per share data) | Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Basic |  |  |  |  |  |  |
Net income | $ | 7,138 |  |  | $ | 8,562 |  |  | $ | 14,255 |  |  | $ | 16,820 |
Weighted-average common shares outstanding | 13,553,346 |  |  | 13,542,677 |  |  | 13,576,281 |  |  | 13,560,237 |
Basic earnings per share | $ | 0.53 |  |  | $ | 0.63 |  |  | $ | 1.05 |  |  | $ | 1.24 |
Diluted |  |  |  |  |  |  |
Net income | $ | 7,138 |  |  | $ | 8,562 |  |  | $ | 14,255 |  |  | $ | 16,820 |
Weighted-average common shares outstanding | 13,553,346 |  |  | 13,542,677 |  |  | 13,576,281 |  |  | 13,560,237 |
Effect of dilutive restricted stock and stock appreciation rights | 300,696 |  |  | 258,864 |  |  | 282,412 |  |  | 247,611 |
Weighted-average common shares outstanding assuming dilution | 13,854,042 |  |  | 13,801,541 |  |  | 13,858,693 |  |  | 13,807,848 |
Diluted earnings per share | $ | 0.52 |  |  | $ | 0.62 |  |  | $ | 1.03 |  |  | $ | 1.22 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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