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Net Income (Loss) per Common Share
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Net Income (Loss) per Common Share Net Income per Share of Common Stock
Net income per share of common stock is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted net income per share of common stock 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 share of common stock is as follows (in thousands, except for per share data):
December 31,
202420232022
Net income$13,299 $20,324 $12,203 
Less: net income allocated to participating securities— 81 180 
Net income available to common stockholders$13,299 $20,243 $12,023 
Weighted average shares of common stock — basic8,693 8,550 8,356 
Effect of dilutive securities94 222 12 
Weighted average common and potentially issuable shares of common stock outstanding — diluted8,787 8,772 8,368 
Basic net income per share of common stock$1.53 $2.37 $1.44 
Diluted net income per share of common stock$1.51 $2.31 $1.44 
The computation of basic and diluted net income per participating share is as follows (in thousands, except for per share data):
December 31,
202420232022
Net income allocated to participating securities$— $81 180 
Weighted average participating shares outstanding — basic— 34 125 
Effect of dilutive securities— — — 
Weighted average participating and potentially issuable participating shares outstanding — diluted
— 34 125 
Basic net income per participating share$0.00 $2.37 $1.44 
Diluted net income per participating share$0.00 $2.37 $1.44