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Earnings Per Share
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Earnings per share

3. Earnings per share

For the years ended December 31, 2023 and 2022, the basic and diluted earnings per share was as follows:

 

 

 

Year Ended December 31,

 

(In thousands, except share data)

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Net income

 

$

13,529

 

 

$

616

 

Denominator:

 

 

 

 

 

 

Weighted average shares outstanding:

 

 

 

 

 

 

Basic

 

 

13,974,125

 

 

 

13,759,296

 

Diluted(1)

 

 

14,134,021

 

 

 

14,107,144

 

Earnings per share:

 

 

 

 

 

 

Basic

 

$

0.97

 

 

$

0.04

 

Diluted

 

$

0.96

 

 

$

0.04

 

 

(1)
For the years ended December 31, 2023 and 2022, diluted weighted average shares outstanding are calculated by the inclusion of unvested restricted stock units ("RSUs").