XML 47 R32.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Net Income per Share (Tables)
 6 Months Ended
Jun. 30, 2024
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,
 2024202320242023
 (In thousands, except per share data)
Numerator for basic and diluted income per common share:  
Net income$23,182 $18,248 $40,655 $45,658 
Less: Net income allocated to unvested participating restricted stock(703)(446)(1,206)(1,125)
Net income available to common stockholders - basic22,479 17,802 39,449 44,533 
Effect of unvested participating restricted stock in two-class calculation— — — — 
Net income available to common stockholders - diluted$22,479 $17,802 $39,449 $44,533 
Denominator:  
Weighted average outstanding shares of common stock - basic14,943 15,308 14,962 15,304 
Dilutive effect of stock options— 9 — 20 
Weighted average outstanding shares of common stock - diluted14,943 15,317 14,962 15,324 
Net income per common share:  
Basic$1.50 $1.16 $2.64 $2.91 
Diluted$1.50 $1.16 $2.64 $2.91