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Earnings Per Share
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The following table sets forth the computation of the basic and diluted earnings per share (in thousands, except per share data):
Three months ended June 30,Six months ended June 30,
2024202320242023
Numerator for basic and diluted earnings per share:
Net income$6,259 $8,286 $13,232 $17,130 
Less: Earnings allocated to unvested restricted stock(93)(79)(194)(150)
Income attributable to common stockholders$6,166 $8,207 $13,038 $16,980 
Denominator:
Denominator for basic earnings per common share – weighted average shares outstanding14,965 14,793 14,920 14,776 
Effect of dilutive securities:
Stock options22 50 20 74 
Performance awards416 611 416 611 
Denominator for diluted earnings per common share – weighted average shares outstanding15,403 15,454 15,356 15,461 
Basic earnings per common share:$0.41 $0.55 $0.87 $1.14 
Diluted earnings per common share:$0.40 $0.53 $0.85 $1.10 
Stock options excluded from the computation of diluted earnings per share because the inclusion of such stock options would result in an antidilutive effect are as follows (in thousands):
Three months ended June 30,Six months ended June 30,
2024202320242023
Antidilutive stock options1,433 1,236 1,456 1,183 
Our performance awards are considered to be contingently issuable shares because their issuance is contingent upon the satisfaction of certain performance and service conditions. At June 30, 2024, we had satisfied certain performance criteria for the first, second and third predetermined growth targets of our performance awards to be considered outstanding. Therefore, we included these awards in the computation of diluted earnings per share as of the beginning of the reporting period.