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Net Income Per Common Share (Tables)
6 Months Ended
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,
2024202320242023
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 — basic8,711 8,500 8,705 8,460 
Effect of weighted average dilutive securities62 130 114 164 
Weighted average common and potentially issuable common shares outstanding — diluted8,773 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 $1.59 
The computation of basic and diluted net income per participating share is as follows (in thousands, except for per share data):
Three months ended
June 30,
Six months ended
June 30,
2024202320242023
Net income allocated to participating securities$— $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