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Net Income Per Common Share (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six months ended June 30, |  |
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |
Net income | $ | 6,419 |  |  | $ | 7,936 |  |  | $ | 10,178 |  |  | $ | 13,788 |  |  |  |  |
Less: net income allocated to participating securities | — |  |  | 57 |  |  | — |  |  | 110 |  |  |  |  |
Net income available to common stockholders | $ | 6,419 |  |  | $ | 7,879 |  |  | $ | 10,178 |  |  | $ | 13,678 |  |  |  |  |
Weighted average common shares outstanding — basic | 8,711 |  |  | 8,500 |  |  | 8,705 |  |  | 8,460 |  |  |  |  |
Effect of weighted average dilutive securities | 62 |  |  | 130 |  |  | 114 |  |  | 164 |  |  |  |  |
Weighted average common and potentially issuable common shares outstanding — diluted | 8,773 |  |  | 8,630 |  |  | 8,819 |  |  | 8,624 |  |  |  |  |
Basic net income per common share | $ | 0.74 |  |  | $ | 0.93 |  |  | $ | 1.17 |  |  | $ | 1.62 |  |  |  |  |
Diluted net income per common share | $ | 0.73 |  |  | $ | 0.91 |  |  | $ | 1.15 |  |  | $ | 1.59 |  |  |  |  |
The computation of basic and diluted net income per participating share is as follows (in thousands, except for per share data):
| Three months ended June 30, |  | Six months ended June 30, |  |  |
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |  |
Net income allocated to participating securities | $ | — |  |  | $ | 57 |  |  | $ | — |  |  | $ | 110 |  |  |  |  |  |
Weighted average participating shares outstanding — basic | — |  |  | 61 |  |  |  |  | 68 |  |  |  |  |  |
Effect of dilutive securities | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |
Weighted average common and potentially issuable common shares outstanding — diluted | — |  |  | 61 |  |  | — |  |  | 68 |  |  |  |  |  |
Basic net income per participating share | $ | — |  |  | $ | 0.93 |  |  | $ | — |  |  | $ | 1.62 |  |  |  |  |  |
Diluted net income per participating share | $ | — |  |  | $ | 0.93 |  |  | $ | — |  |  | $ | 1.62 |  |  |  |  |  |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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