Net Income per Share

3 Months Ended

Mar. 31, 2023

The computation of the Company's basic and diluted net income per share is as follows:



	Three months ended March 31,
		2023		2022
		(In thousands, except per share data)
Numerator for basic and diluted income per common share:
Net income		$	27,410	$	24,850
Less: Net income allocated to unvested participating restricted stock		(679)		(598)
Net income available to common stockholders - basic		26,731		24,252
Effect of unvested participating restricted stock in two-class calculation		1		1

Net income available to common stockholders - diluted		$	26,732	$	24,253
Denominator:
Weighted average outstanding shares of common stock - basic		15,304		16,722
Dilutive effect of stock options		35		36
Weighted average outstanding shares of common stock - diluted		15,339		16,758
Net income per common share:
Basic		$	1.75	$	1.45
Diluted		$	1.74	$	1.45