Net Income per Share (Tables)

3 Months Ended

Mar. 31, 2023

Net Income per Share

Reconciliation of Calculation of Basic and Diluted Income Per Share

The following is a reconciliation of the calculation of basic and diluted income per share:

	For the three months ended March 31,
(In thousands, except per share amounts)	2023		2022
Net income	$	10,287	$	9,108
Weighted average common shares outstanding - Basic		10,538		10,446
Plus: Potential dilutive common stock equivalents		148		218
Weighted average common shares outstanding - Diluted		10,686		10,664
Net income per common share - Basic	$	0.98	$	0.87
Net income per common share - Diluted		0.96		0.85
Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive		—		—