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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2024 and 2023 are as follows (in thousands, except per share data):

For the Three Months Ended September 30, 

For the Nine Months Ended September 30, 

    

2024

    

2023

    

2024

    

2023

Basic earnings per share

 

  

 

  

 

  

 

  

Net income

$

2,382

$

3,594

$

3,609

$

8,517

Basic weighted average shares outstanding

 

31,775

 

35,531

 

31,960

 

36,216

Basic earnings per share

$

0.07

$

0.10

$

0.11

$

0.24

Diluted earnings per share

 

  

 

  

 

  

 

  

Net income

$

2,382

$

3,594

$

3,609

$

8,517

Weighted average shares outstanding

 

31,775

 

35,531

 

31,960

 

36,216

Effect of dilutive securities - options and restricted stock

 

313

 

572

 

380

 

650

Diluted weighted-average shares outstanding

 

32,088

 

36,103

 

32,340

 

36,866

Diluted earnings per share

$

0.07

$

0.10

$

0.11

$

0.23