Income Per Share

6 Months Ended

Jun. 30, 2022

Income Per Share

3- Income Per Share

(3) Income per share

The following is the computation for basic and diluted income per share:

	Three Months ended June 30,				Six Months ended June 30,
	2022		2021		2022		2021
	(in thousands, except per share amounts)
Net income	$	9,348	$	8,925	$	17,847	$	16,651
Weighted average basic shares outstanding		1,794		1,826		1,796		1,826
Add: Effect of dilutive securities		4		2		4		4
Weighted average diluted shares outstanding		1,798		1,828		1,800		1,830
Earnings per share:
Basic	$	5.21	$	4.89	$	9.94	$	9.12
Diluted	$	5.20	$	4.88	$	9.91	$	9.10

Incremental shares from stock options and restricted stock units were included in the calculation of weighted average diluted shares outstanding using the treasury stock method. Potential dilutive securities have been excluded when their inclusion would be anti-dilutive.