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EARNINGS PER SHARE | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE Earnings per share is based on the weighted average number of shares outstanding for the period. A reconciliation of the basic and diluted earnings per share is as follows:
|  | Three Months Ended |  | Six Months Ended
(Share count in thousands) |  | June 30, 2024 |  | June 30, 2023 |  | June 30, 2024 |  | June 30, 2023
Basic |  |  |  |  |  |  |  |
Net income attributable to common stockholders |  | $ | 3,675 |  |  | $ | 3,206 |  |  | $ | 7,763 |  |  | $ | 6,868 |
Weighted average common shares outstanding |  | 10,370 |  |  | 10,478 |  |  | 10,405 |  |  | 10,475 |
Basic earnings per share |  | $ | 0.35 |  |  | $ | 0.31 |  |  | $ | 0.75 |  |  | $ | 0.66 |
Diluted |  |  |  |  |  |  |  |
Net income attributable to common stockholders |  | $ | 3,675 |  |  | $ | 3,206 |  |  | $ | 7,763 |  |  | $ | 6,868 |
Weighted average common shares outstanding |  | 10,370 |  |  | 10,478 |  |  | 10,405 |  |  | 10,475 |
Add: Dilutive stock options outstanding |  | 3 |  |  | — |  |  | 3 |  |  | 2 |
Average shares and dilutive potential common shares |  | 10,373 |  |  | 10,478 |  |  | 10,408 |  |  | 10,477 |
Diluted earnings per share |  | $ | 0.35 |  |  | $ | 0.31 |  |  | $ | 0.75 |  |  | $ | 0.66 |
Additional common stock option shares that have not been included due to their antidilutive effect |  | 20 |  |  | 40 |  |  | 20 |  |  | 40 |
Dilutive shares outstanding consist of exercisable stock options whose strike prices were less than the quarterly average closing price of the Company’s common stock. At June 30, 2024 and June 30, 2023, there were 20 and 40 exercisable stock options, respectively, with a potentially dilutive effect. However their strike prices were higher than the quarterly and annual average closing prices of the Company’s common stock and thus, excluded from diluted shares outstanding.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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