Net Income Per Share Of Common Stock

12 Months Ended

Dec. 31, 2023

Net Income Per Share Of Common Stock [Abstract]

Net Income Per Share Of Common Stock

11. NET INCOME PER SHARE OF COMMON STOCK

The computation of net income per share of common stock is based on the average number of common shares outstanding during each year, adjusted in all periods presented for the declaration of a 20% stock dividend declared in 2023, and a 15% stock dividend declared in 2022. The average number of shares used in computing net income per share of common stock at December 31, 2023, 2022, and 2021 was 32,121,723 shares, 31,870,071 shares, and 31,455,629 shares, respectively.