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Earnings Per Share
 6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Earnings Per Share

Earnings Per Share:

The computation of basic and diluted earnings per share is shown in the following table:

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

Net income (In thousands of dollars)

$

14,966

 

 

$

15,951

 

 

$

22,041

 

 

$

31,795

 

Weighted average shares outstanding

 

37,233,732

 

 

 

33,850,449

 

 

 

37,527,050

 

 

 

33,835,550

 

Basic earnings per share

$

0.40

 

 

$

0.47

 

 

$

0.59

 

 

$

0.94

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

Net income (In thousands of dollars)

$

14,966

 

 

$

15,951

 

 

$

22,041

 

 

$

31,795

 

Weighted average shares outstanding for basic earnings per share

 

37,233,732

 

 

 

33,850,449

 

 

 

37,527,050

 

 

 

33,835,550

 

Dilutive effect of restricted stock awards

 

86,721

 

 

 

72,395

 

 

 

96,822

 

 

 

91,796

 

Weighted average shares for diluted earnings per share

 

37,320,453

 

 

 

33,922,844

 

 

 

37,623,872

 

 

 

33,927,346

 

Diluted earnings per share

$

0.40

 

 

$

0.47

 

 

$

0.59

 

 

$

0.94

 

There were 174,309 and 170,809 restricted stock awards that were considered anti-dilutive for the three and six month periods ended June 30, 2023, respectively. There were 188,626 and 158,492 restricted stock awards that were considered anti-dilutive for the three and six month periods ended June 30, 2022, respectively.