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Net Income Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Computation of basic and diluted net income per common share:
The computation of basic and diluted net income per common share (in thousands, except for per share data) is as follows:
Three months ended
March 31,
20242023
Net income$3,759 $5,852 
Less: net income allocated to participating securities— 54 
Net income available to common stockholders$3,759 $5,798 
Weighted average common shares outstanding — basic8,666,000 8,418,000 
Effect of weighted average dilutive securities166,000 334,000 
Weighted average common and potentially issuable common shares outstanding — diluted8,832,000 8,752,000 
Basic net income per common share$0.43 $0.69 
Diluted net income per common share$0.43 $0.66 
The computation of basic and diluted net income per participating share is as follows (in thousands, except for per share data):
Three months ended
March 31,
20242023
Net income allocated to participating securities$— $54 
Weighted average participating shares outstanding — basic— 78,000 
Effect of dilutive securities— — 
Weighted average common and potentially issuable common shares outstanding — diluted— 78,000 
Basic net income per participating share$— $0.69 
Diluted net income per participating share$— $0.69