Three Months Ended
June 30,

Six Months Ended
June 30,

Dollars in thousands, except per share amounts

2023

2022

2023

2022

Numerator:

Net income

$

6,023

$

11,982

$

14,712

$

38,765

Denominator:

Weighted-average shares outstanding for basic earnings per share

9,399

9,261

9,363

9,396

Effect of dilutive securities

167

408

232

449

Weighted-average shares adjusted for dilutive securities

9,566

9,669

9,595

9,845

Earnings per share:

Basic

$

0.64

$

1.29

$

1.57

$

4.13

Diluted

$

0.63

$

1.24

$

1.53

$

3.94