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Net Income per Share (Tables)
9 Months Ended
Sep. 30, 2024
Net Income per Share  
Reconciliation of Calculation of Basic and Diluted Income Per Share

For the three months ended September 30, 

For the nine months ended September 30, 

(In thousands, except per share amounts)

    

2024

    

2023

    

2024

    

2023

Net income

$

10,905

$

9,950

$

29,945

$

29,937

Weighted average common shares outstanding - Basic

 

9,978

 

10,128

 

10,040

 

10,255

Plus: Potential dilutive common stock equivalents

 

170

 

130

 

152

 

126

Weighted average common shares outstanding - Diluted

 

10,148

 

10,258

 

10,192

 

10,381

Net income per common share - Basic

$

1.09

$

0.98

$

2.98

$

2.92

Net income per common share - Diluted

 

1.07

 

0.97

 

2.94

 

2.88

Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive