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Net Income Per Common Share
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Net Income Per Common Share NET INCOME PER COMMON SHARE
Net income per common share is computed based on the weighted average number of common shares outstanding during the period. Diluted net income per common share is computed similarly but includes the effect of the assumed exercise of dilutive stock appreciation rights and restricted stock under the treasury stock method.
The computation of basic and diluted net income per common share (in thousands, except for per share data) is as follows:
Three months ended
September 30,
Nine months ended
September 30,
2024202320242023
Net income$3,160 $4,354 $13,338 $18,142 
Weighted average common shares outstanding — basic8,716 8,623 8,709 8,515 
Effect of weighted average dilutive securities77 219 103 201 
Weighted average common and potentially issuable common shares outstanding — diluted8,793 8,842 8,812 8,716 
Basic net income per common share$0.36 $0.50 $1.53 $2.13 
Diluted net income per common share$0.36 $0.49 $1.51 $2.08