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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Earnings per Share and Weighted Average Shares Outstanding Used in Calculating Basic and Diluted Earnings per Share

The following table illustrates earnings per share and the weighted average shares outstanding used in calculating basic and diluted earnings per share:

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Net income

 

$

40,343

 

 

$

24,441

 

 

$

93,434

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares of Common Stock outstanding

 

 

32,778,055

 

 

 

33,126,202

 

 

 

33,085,732

 

Dilutive effect of stock options, restricted stock awards and restricted stock units

 

 

288,862

 

 

 

376,952

 

 

 

423,988

 

Diluted weighted average shares of Common Stock outstanding

 

 

33,066,917

 

 

 

33,503,154

 

 

 

33,509,720

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

1.23

 

 

$

0.74

 

 

$

2.82

 

Diluted earnings per share

 

$

1.22

 

 

$

0.73

 

 

$

2.79