For the Three

Months Ended

March 31, 2022

For the Three

Months Ended

March 31, 2021

(In thousands)

Numerator for net income per share – basic:

$

8,539

$

9,232

Net income

Allocation of distributed and undistributed income to unvested restricted stock shareholders

(5

)

(6

)

Net income attributable to common shareholders

8,534

9,226

Denominator for net income per share – basic:

Weighted average common shares outstanding – basic

25,251

25,414

Net income per share – basic

$

0.34

$

0.36

Numerator for net income per share – diluted:

Net income attributable to common shareholders for basic computation

8,534

9,226

Denominator for net income per share – diluted:

Weighted average common shares outstanding – basic

25,251

25,414

Weighted average effect of dilutive securities – stock options

139

254

Denominator for diluted earnings per share – adjusted weighted average shares

25,390

25,668

Net income per share - diluted

$

0.34

$

0.36