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Net Income per Share (Tables) | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Computation of the Company’s Basic and Diluted Net Income per Share | The computation of the Company's basic and diluted net income per share is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (In thousands, except per share data)
Numerator for basic and diluted income per common share: |  |  |  |  |  |  |
Net income | $ | 18,248 |  |  | $ | 23,962 |  |  | $ | 45,658 |  |  | $ | 48,812 |
Less: Net income allocated to unvested participating restricted stock | (446) |  |  | (673) |  |  | (1,125) |  |  | (1,273) |
Net income available to common stockholders - basic | 17,802 |  |  | 23,289 |  |  | 44,533 |  |  | 47,539 |
Effect of unvested participating restricted stock in two-class calculation | — |  |  | 1 |  |  | — |  |  | 1 |
Net income available to common stockholders - diluted | $ | 17,802 |  |  | $ | 23,290 |  |  | $ | 44,533 |  |  | $ | 47,540 |
Denominator: |  |  |  |  |  |  |
Weighted average outstanding shares of common stock - basic | 15,308 |  |  | 16,050 |  |  | 15,304 |  |  | 16,386 |
Dilutive effect of stock options | 9 |  |  | 30 |  |  | 20 |  |  | 32 |
Weighted average outstanding shares of common stock - diluted | 15,317 |  |  | 16,080 |  |  | 15,324 |  |  | 16,418 |
Net income per common share: |  |  |  |  |  |  |
Basic | $ | 1.16 |  |  | $ | 1.45 |  |  | $ | 2.91 |  |  | $ | 2.90 |
Diluted | $ | 1.16 |  |  | $ | 1.45 |  |  | $ | 2.91 |  |  | $ | 2.90 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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