Year Ended December 31,

2024

2023

2022

Numerator for basic and diluted earnings per share:

Net income

$

30,798

$

29,918

$

42,253

Deduct net income attributable to non-controlling interests

(381)

(304)

(76)

Deduct earnings allocated to unvested restricted stock (a)

(1,309)

(1,291)

(1,434)

Net income available for common stockholders: basic and diluted

$

29,108

$

28,323

$

40,743

Denominator for basic earnings per share:

Weighted average number of common shares outstanding

20,600

20,499

20,360

Effect of dilutive securities: RSUs

122

57

93

Denominator for diluted earnings per share:

Weighted average number of shares

20,722

20,556

20,453

Earnings per common share: basic

$

1.41

$

1.38

$

2.00

Earnings per common share: diluted

$

1.40

$

1.38

$

1.99