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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following schedule reconciles the computation of basic and diluted earnings per share for the periods indicated:

 

 

Three Months Ended
March 31,

 

Dollars in thousands, except per share amounts

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Net income

 

$

8,689

 

 

$

26,783

 

Denominator:

 

 

 

 

 

 

Weighted-average shares outstanding for basic earnings per share

 

 

9,325

 

 

 

9,533

 

Effect of dilutive securities

 

 

297

 

 

 

489

 

Weighted-average shares adjusted for dilutive securities

 

 

9,622

 

 

 

10,022

 

Earnings per share:

 

 

 

 

 

 

Basic

 

$

0.93

 

 

$

2.81

 

Diluted

 

$

0.90

 

 

$

2.67