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NET INCOME PER COMMON SHARE
 6 Months Ended
Jun. 30, 2023
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 the three and six months ended June 30, 2023 and 2022, 0.6 million and 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 table sets forth the computation of basic and diluted earnings per share:

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Three Months Ended June 30,

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Six Months Ended June 30,

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2023

    

2022

    

2023

    

2022

Basic:

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​

​

​

​

​

​

​

​

​

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Net income

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$

2,333

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$

4,957

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$

5,824

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$

9,887

Weighted average common shares

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48,476

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48,160

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48,457

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48,343

Earnings per share

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$

0.05

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$

0.10

​

$

0.12

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$

0.20

Diluted:

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​

​

​

​

​

​

​

​

​

​

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Net income

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$

2,333

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$

4,957

​

$

5,824

​

$

9,887

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​

​

​

​

​

​

​

​

​

​

​

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Basic weighted average common shares

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48,476

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48,160

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48,457

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48,343

Potential common shares

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1,841

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2,582

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1,845

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2,691

Diluted weighted average common shares

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50,317

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50,742

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50,302

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51,034

Diluted earnings per share

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$

0.05

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$

0.10

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$

0.12

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$

0.19

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