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Earnings Per Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share

Note 10. Earnings Per Share

The following schedule reconciles the computation of basic and diluted earnings per share for the periods indicated:

 

 

 

Three Months Ended March 31,

 

Dollars in thousands, except per share amounts

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

Net income

 

$

7,007

 

 

$

15,205

 

Denominator:

 

 

 

 

 

 

Weighted-average shares outstanding for basic earnings per share

 

 

9,610

 

 

 

9,569

 

Effect of dilutive securities

 

 

415

 

 

 

177

 

Weighted-average shares adjusted for dilutive securities

 

 

10,025

 

 

 

9,746

 

Earnings per share:

 

 

 

 

 

 

Basic

 

$

0.73

 

 

$

1.59

 

Diluted

 

$

0.70

 

 

$

1.56

 

The Company did not exclude any outstanding shares of common stock for the three months ended March 31, 2025 from the computation of diluted earnings per share because they were anti-dilutive. For the three months ended March 31, 2024, the Company excluded 0.5 million outstanding shares because they were anti-dilutive.