EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

The following table presents earnings per share for the years ended December 31, 2024, 2023 and 2022.

 

	2024		2023		2022
Net income	$	22,050	$	35,663	$	22,037
Weighted average shares outstanding - basic	14,761		10,340		10,553
Dilutive effect of share-based compensation	153		95		153
Weighted average shares outstanding - diluted	14,914		10,435		10,706
Per share information:
Basic earnings per share	$	1.49	$	3.45	$	2.09
Diluted earnings per share	1.48		3.42		2.06

For the years ended December 31, 2024, 2023 and 2022, there were average outstanding restricted award shares totaling 390, 6,398 and 29,414, respectively, excluded from the computation of earnings per share because the effect was antidilutive, as the grant price exceeded the average market price. The dilutive effect of share-based compensation in each period above relates to restricted stock awards and vested stock options assumed from the Merger.