Earnings Per Share

6 Months Ended

Jun. 30, 2023

Basic earnings per share ("EPS") is computed by dividing net income by the weighted average number of shares of common stock outstanding during each period. Shares issued during the period are weighted for the portion of the period that they were outstanding. Our calculation of diluted earnings per common share includes the dilutive effects for the assumed vesting of outstanding stock-based awards. There were no antidilutive common stock equivalents excluded from the diluted per share calculation.

The weighted-average number of shares outstanding used to compute basic and diluted EPS were as follows:


	Three months ended June 30,		Six months ended June 30,
	2023	2022	2023	2022
Basic weighted average common shares outstanding	12,886,100	12,778,355	12,865,394	12,760,026
Effect of dilutive shares	30,898	32,723	56,432	47,223
Diluted weighted average common shares outstanding	12,916,998	12,811,078	12,921,826	12,807,249