Income and Dividends Per Share of Common Stock (Tables)

3 Months Ended

Mar. 31, 2024

Income and Dividends Per Share of Common Stock

Schedule of computation of basic and diluted income per common share

The following table sets forth the computation of basic and diluted income per common share (in thousands, except per share amounts):

	Three Months Ended March 31,
	2024		2023
Net income for basic and diluted income per common share	$	22,439	$	17,104
Weighted-average shares for basic income per common share		5,707		5,685
Effect of dilutive securities:
Employee and director stock options(1)		18		13
Adjusted weighted-average shares and assumed exercises for diluted income per common share		5,725		5,698
Basic net income per common share	$	3.93	$	3.01
Diluted net income per common share	$	3.92	$	3.00

(1) No stock options were excluded due to being antidilutive.