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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2024
EARNINGS PER SHARE  
Schedule of calculation of basic and diluted earnings per share

The calculation of basic and diluted earnings per share for the three and six months ended June 30, 2024 and 2023 are as follows (in thousands, except per share data):

For the Three Months Ended June 30, 

For the Six Months Ended June 30, 

    

2024

    

2023

    

2024

    

2023

    

Basic earnings per share

 

  

 

  

 

  

 

  

 

Net income

$

1,217

$

3,354

$

1,227

$

4,923

Basic weighted average shares outstanding

 

31,762

 

36,435

 

32,053

 

36,564

Basic earnings per share

$

0.04

0.09

0.04

0.13

Diluted earnings per share

 

  

 

  

 

  

 

  

Net income

$

1,217

3,354

1,227

4,923

Weighted average shares outstanding

 

31,762

 

36,435

 

32,053

 

36,564

Effect of dilutive securities - options and restricted stock

 

442

 

626

 

463

 

685

Diluted weighted-average shares outstanding

 

32,204

 

37,061

 

32,516

 

37,249

Diluted earnings per share

$

0.04

0.09

$

0.04

$

0.13