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NET INCOME PER COMMON SHARE
 9 Months Ended
Sep. 30, 2022
NET INCOME PER COMMON SHARE  
NET INCOME PER COMMON SHARE

NOTE 6—NET INCOME PER COMMON SHARE

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Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would share in the net income of the Company.  For both the three and nine months ended September 30, 2022, 0.0 million restricted stock units, respectively, have not been considered in the diluted earnings per share calculation, as the effect would be anti-dilutive.      

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The following tables set forth the computation of basic and diluted earnings per share:

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Three Months Ended September 30,

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Nine Months Ended September 30,

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2022

    

2021

    

2022

    

2021

Basic:

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Net income

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$

5,556

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$

4,421

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$

15,443

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$

11,951

Weighted average common shares

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47,888

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48,751

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48,191

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48,521

Earnings per share

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$

0.12

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$

0.09

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$

0.32

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$

0.25

Diluted:

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​

​

​

​

​

​

​

​

​

​

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Net income

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$

5,556

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$

4,421

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$

15,443

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$

11,951

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​

​

​

​

​

​

​

​

​

​

​

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Basic weighted average common shares

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47,888

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48,751

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48,191

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48,521

Potential common shares

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1,956

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2,759

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2,446

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3,192

Diluted weighted average common shares

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49,844

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51,510

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50,637

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51,713

Diluted earnings per share

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$

0.11

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$

0.09

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$

0.30

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$

0.23

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