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Net Income per Share (Tables)
9 Months Ended
Sep. 30, 2023
Net Income per Share  
Reconciliation of Calculation of Basic and Diluted Income Per Share

For the three months ended September 30, 

For the nine months ended September 30, 

(In thousands, except per share amounts)

    

2023

    

2022

    

2023

    

2022

Net income

$

9,950

$

9,942

$

29,937

$

28,501

Weighted average common shares outstanding - Basic

 

10,128

 

10,522

 

10,255

 

10,491

Plus: Potential dilutive common stock equivalents

 

130

 

192

 

126

 

203

Weighted average common shares outstanding - Diluted

 

10,258

 

10,714

 

10,381

 

10,694

Net income per common share - Basic

$

0.98

$

0.94

$

2.92

$

2.72

Net income per common share - Diluted

 

0.97

 

0.93

 

2.88

 

2.67

Stock options and common stock excluded from the income per share calculation as their effect would have been anti-dilutive