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Earnings Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share
Note 9 – Earnings Per Share


The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2025 and 2024:

    Three Months Ended     Six Months Ended  
 
June 30
    
June 30
  
(in thousands except per share data)
  
2025
    
2024
    
2025
    
2024
  
Numerator:
                        
Net income
  
$
24,899
    
$
19,499
    
$
46,871
    
$
38,178
  
                                 
Denominator:
                                
Basic earnings per share:
                                
Weighted average shares
    
18,012
      
17,939
      
18,004
      
17,932
  
Diluted earnings per share:
                                
Dilutive effect of equity grants
    
24
      
20
      
25
      
19
  
Adjusted weighted average shares
    
18,036
      
17,959
      
18,029
      
17,951
  
                                 
Earnings per share:
                                
Basic earnings per share
  
$
1.38
    
$
1.09
    
$
2.60
    
$
2.13
  
Diluted earnings per share
    
1.38
      
1.09
      
2.60
      
2.13
  


There were no options to purchase common shares that were excluded from the diluted calculations above for the three and six months ended June 30, 2025 and 2024.  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.