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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic earnings per share (“EPS”) computations are calculated utilizing the weighted average number of shares of the Company’s common stock outstanding during the periods presented. Diluted EPS is calculated utilizing the weighted average number of shares of the Company’s common stock outstanding adjusted for the effect of dilutive common stock equivalents.
The following table sets forth the computation of basic and diluted EPS (in thousands, except per share data):
Three months ended March 31,
20242023
Numerator:
Net income$8,316 $39,968 
Denominator:
Weighted average shares of common stock outstanding10,909 10,864 
Effect of dilutive common stock equivalents49 35 
Weighted average shares of common stock outstanding10,958 10,899 
Earnings per share - basic$0.76 $3.68 
Earnings per share - diluted$0.76 $3.67 
The calculation of diluted EPS excluded 51 thousand and 13 thousand antidilutive restricted stock awards for the three months ended March 31, 2024 and 2023, respectively.