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


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

Year Ended December 31
(in thousands except per share data)
 
2023
   
2022
   
2021
 
Numerator:
                 
Net income
 
$
78,004
   
$
81,814
   
$
87,939
 
                         
Denominator:
                       
Basic earnings per share:
                       
Weighted average shares
   
17,887
     
17,836
     
17,786
 
Diluted earnings per share:
                       
Dilutive effect of equity grants
   
13
     
15
     
18
 
Adjusted weighted average shares
   
17,900
     
17,851
     
17,804
 
                         
Earnings per share:
                       
Basic earnings per share
 
$
4.36
   
$
4.59
   
$
4.94
 
Diluted earnings per share
   
4.36
     
4.58
     
4.94
 


There were no options to purchase common shares that were excluded from the diluted calculations above for the years ended December 31, 2023, 2022, and 2021.  In addition to in-the-money stock options, unvested restricted stock grants were also used in the calculation of diluted earnings per share based on the treasury method.