XML 40 R27.htm IDEA: XBRL DOCUMENT v3.23.2
Income Per Common Share
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Income Per Common Share INCOME PER COMMON SHAREBasic net income per common share is calculated by dividing net income by the weighted average shares outstanding during the period, without consideration for common stock equivalents.Diluted net income per common share is calculated by adjusting weighted average shares outstanding for the dilutive effect of common stock equivalents outstanding for the period, determined using the treasury stock method. Potential common stock is included in the diluted income per common share calculation when dilutive. The dilutive effect of outstanding restricted stock awards after application of the treasury stock method was approximately 99 thousand and 151 thousand shares for the three and six months ended June 30, 2023, respectively, and 112 thousand and 195 thousand for the three and six months ended June 30, 2022, respectively. Shares of potential common stock that were not included in the calculation of diluted net income per common share because the effect would have been anti-dilutive were not material for the three and six months ended June 30, 2023 and 2022.