Earnings Per Share

9 Months Ended

Sep. 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 September 30,		Nine months ended September 30,
	2023	2022	2023	2022
Basic weighted average common shares outstanding	15,001,908	12,797,727	13,585,391	12,772,731
Effect of dilutive shares	48,154	36,357	53,673	43,588
Diluted weighted average common shares outstanding	15,050,062	12,834,084	13,639,064	12,816,319