EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2024

EARNINGS PER SHARE

EARNINGS PER SHARE

11.          EARNINGS PER SHARE

The following table reconciles the number of shares of common stock used to compute basic and diluted earnings per share of common stock:

	Three Months Ended				Six Months Ended
	June 30				June 30
(in thousands, except per share amounts)	2024		2023		2024		2023
BASIC EARNINGS (LOSS) PER SHARE OF COMMON STOCK:
Net income (loss) - basic	$	20,514	$	14,915	$	37,537	$	24,135
Weighted shares outstanding		11,461,141		11,466,000		11,456,597		11,424,552
Basic earnings (loss) per share of common stock	$	1.79	$	1.30	$	3.28	$	2.11
DILUTED EARNINGS (LOSS) PER SHARE OF COMMON STOCK:
Net income (loss) - basic	$	20,514	$	14,915	$	37,537	$	24,135
Weighted shares outstanding - basic		11,461,141		11,466,000		11,456,597		11,424,552
Effect of dilutive securities		88,744		60,000		74,494		52,448
Weighted shares outstanding - diluted		11,549,885		11,526,000		11,531,091		11,477,000
Diluted earnings (loss) per share of common stock	$	1.78	$	1.29	$	3.26	$	2.10