Net Income per Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,				For the six months ended June 30,
(In thousands, except per share amounts)	2023		2022		2023		2022
Net income	$	9,700	$	9,451	$	19,987	$	18,559
Weighted average common shares outstanding - Basic		10,103		10,504		10,319		10,475
Plus: Potential dilutive common stock equivalents		100		202		125		210
Weighted average common shares outstanding - Diluted		10,203		10,706		10,444		10,685
Net income per common share - Basic	$	0.96	$	0.90	$	1.94	$	1.77
Net income per common share - Diluted		0.95		0.88		1.91		1.74
Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive		50		—		—		—