Net Income Per Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share

The Company calculated net income per share using the treasury stock method. The table below sets forth the computation of basic and diluted net income per share for the periods presented below:

	Three Months Ended March 31,
	2024		2023
	(In thousands, except per share amounts)
Net income	$	18,758	$	31,851
Basic weighted-average common shares outstanding	19,891		19,649
Restricted shares	101		261
Diluted weighted average common shares outstanding	19,992		19,910
Basic net income per share	$	0.94	$	1.62
Diluted net income per share	$	0.94	$	1.60

The following shares were excluded from the calculation of diluted net income per share due to their anti-dilutive effect for the periods presented:

	Three Months Ended March 31,
	2024	2023
Restricted shares	409,822	246,358