Net Income per Share

6 Months Ended

Jun. 30, 2023

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



	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(In thousands, except per share data)
Numerator for basic and diluted income per common share:
Net income	$	18,248	$	23,962	$	45,658	$	48,812
Less: Net income allocated to unvested participating restricted stock	(446)		(673)		(1,125)		(1,273)
Net income available to common stockholders - basic	17,802		23,289		44,533		47,539
Effect of unvested participating restricted stock in two-class calculation	—		1		—		1
Net income available to common stockholders - diluted	$	17,802	$	23,290	$	44,533	$	47,540
Denominator:
Weighted average outstanding shares of common stock - basic	15,308		16,050		15,304		16,386
Dilutive effect of stock options	9		30		20		32
Weighted average outstanding shares of common stock - diluted	15,317		16,080		15,324		16,418
Net income per common share:
Basic	$	1.16	$	1.45	$	2.91	$	2.90
Diluted	$	1.16	$	1.45	$	2.91	$	2.90