| Schedule of basic and diluted earnings per share |
Calculation of basic earnings per share (Basic EPS) and diluted earnings per share (Diluted EPS) is shown below. | | | | | | | | | | | | | Year ended December 31, | | (In thousands, except share and per share data) | 2023 | 2022 | 2021 | | Basic | | | | | Net income available to common shareholders | $ | 9,505 | | $ | 85,030 | | $ | 89,264 | | | Less: income attributable to unvested stock-based compensation awards | (42) | | (250) | | (615) | | | Net earnings allocated to common shareholders | 9,463 | | 84,780 | | 88,649 | | | Weighted average shares outstanding, including unvested stock-based compensation awards | 14,442,077 | | 14,532,448 | | 14,798,447 | | | Less: unvested stock-based compensation awards | (187,416) | | (204,168) | | (229,684) | | | Weighted average shares outstanding - Basic | 14,254,661 | | 14,328,280 | | 14,568,763 | | | | | | | Diluted | | | | | Net earnings allocated to common shareholders | $ | 9,463 | | $ | 84,780 | | $ | 88,649 | | | Weighted average shares outstanding - Basic | 14,254,661 | | 14,328,280 | | 14,568,763 | | | Plus: incremental shares from assumed conversion of stock-based compensation awards | 46,560 | | 76,014 | | 79,404 | | | Weighted average shares outstanding - Diluted | 14,301,221 | | 14,404,294 | | 14,648,167 | | | | | | | Basic EPS | $ | 0.66 | | $ | 5.92 | | $ | 6.08 | | | Diluted EPS | $ | 0.66 | | $ | 5.89 | | $ | 6.05 | |
|