Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings Per Share of Common Stock

The following table sets forth the computation of basic and diluted earnings per share of common stock:

	For the three months ended September 30,				For the nine months ended September 30,
	2023		2022		2023		2022
Net income applicable to common stockholders	$	25,232	$	26,513	$	79,519	$	34,612
Weighted Average Shares
Weighted average common shares outstanding	24,942,389		24,877,607		24,933,168		22,685,496
Effect of dilutive securities
Stock-based awards	415,418		531,208		432,129		596,437
Convertible notes payable	—		85,500		—		—
Weighted average diluted common shares	25,357,807		25,494,315		25,365,297		23,281,933
Earnings per common share
Basic earnings per common share	$	1.01	$	1.07	$	3.19	$	1.53
Effect of dilutive securities
Stock-based awards	(0.01)		(0.03)		(0.06)		(0.04)
Diluted earnings per common share	$	1.00	$	1.04	$	3.13	$	1.49

Schedule of Securities Excluded from Computation of Diluted Earnings Per Share

Shares of common stock not considered in computing diluted earnings per share because they were antidilutive were as follows:

	For the three months ended September 30,		For the nine months ended September 30,
	2023	2022	2023	2022
Stock-based awards	—	845	—	34,828
Convertible notes payable	—	—	—	85,500