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Net Income Per Share | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Net Income Per Share | Net Income Per Share Basic net income per common share (“Basic EPS”), is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per common share (“Diluted EPS”) reflects the potential dilution that could occur if stock options or other contracts to issue common stock were exercised or converted into common stock. The computation of Diluted EPS does not assume exercise or conversion of securities that would have an anti-dilutive effect on net income per common share. Following is a reconciliation of the numerator and denominator of Basic EPS to the numerator and denominator of Diluted EPS for the three and nine months ended September 30, 2024 and 2023 (dollar and share amounts in thousands, except for per share information):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Net income attributable to common shareholders | $ | 4,347 |  |  | $ | 2,832 |  |  | $ | 8,017 |  |  | $ | 6,114 |
Basic weighted average shares outstanding | 18,512 |  |  | 19,133 |  |  | 18,661 |  |  | 19,093 |
Basic earnings per share attributable to common shareholders | $ | 0.23 |  |  | $ | 0.15 |  |  | $ | 0.43 |  |  | $ | 0.32 |
Diluted shares outstanding: |  |  |  |  |  |  |
Basic weighted-average shares outstanding | 18,512 |  |  | 19,133 |  |  | 18,661 |  |  | 19,093 |
Stock-based awards | 378 |  |  | 359 |  |  | 454 |  |  | 357 |
Diluted weighted-average shares outstanding | 18,890 |  |  | 19,492 |  |  | 19,115 |  |  | 19,450 |
Diluted earnings per share attributable to common shareholders | $ | 0.23 |  |  | $ | 0.15 |  |  | $ | 0.42 |  |  | $ | 0.31 |
Dilutive shares excluded from diluted-per-share amounts: |  |  |  |  |  |  |
Share-based awards | 754 |  |  | 735 |  |  | 754 |  |  | 735 |
Anti-dilutive shares excluded from diluted-per-share amounts: |  |  |  |  |  |  |
Share-based awards | — |  |  | 25 |  |  | — |  |  | 50 |
Potentially dilutive shares excluded from diluted-per-share amounts include performance-based restricted stock units, for which certain metrics have not been achieved. Potentially anti-dilutive shares excluded from diluted-per-share amounts include both non-qualified stock options and unearned performance-based options to purchase shares of common stock with exercise prices greater than the weighted-average share price during the period and shares that would be anti-dilutive to the computation of diluted net income per share for each of the periods presented.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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