EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2023

EARNINGS PER SHARE

Schedule of calculation of basic and diluted earnings per share

The calculation of basic and diluted earnings per share for the three and nine months ended September 30, 2023 and 2022 are as follows (in thousands, except per share data):

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2023		2022		2023		2022
Basic earnings per share
Net income	$	3,594	$	4,873	$	8,517	$	9,596
Basic weighted average shares outstanding		35,531		38,046		36,216		38,881
Basic earnings per share	$	0.10		0.13		0.24		0.25
Diluted earnings per share
Net income	$	3,594		4,873		8,517		9,596
Weighted average shares outstanding		35,531		38,046		36,216		38,881
Effect of dilutive securities - options and restricted stock		572		819		650		848
Diluted weighted-average shares outstanding		36,103		38,865		36,866		39,729
Diluted earnings per share	$	0.10		0.13	$	0.23	$	0.24