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Earnings per Common Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Basic and Diluted Net Earnings Per Share

Basic net earnings per share is computed by dividing net income by the weighted average number of common shares outstanding for the period. Details of the calculations are as follows:

 

 

 

For the Years Ended December 31,

 

 

 

2023

 

 

2022

 

Net income (loss)

 

$

7,857

 

 

$

(4,298

)

Net income (loss) attributable to noncontrolling interest

 

 

501

 

 

 

603

 

Net income (loss) attributable to shareholders of
   Manitex International, Inc.

 

$

7,356

 

 

$

(4,901

)

Income (loss) per share

 

 

 

 

 

 

Basic

 

 

 

 

 

 

Net income (loss)

 

$

0.39

 

 

$

(0.21

)

Net income (loss) attributable to shareholders of
   Manitex International, Inc.

 

$

0.36

 

 

$

(0.24

)

Diluted

 

 

 

 

 

 

Net income (loss)

 

$

0.39

 

 

$

(0.21

)

Net income (loss) attributable to shareholders of
   Manitex International, Inc.

 

$

0.36

 

 

$

(0.24

)

Weighted average common shares oustanding:

 

 

 

 

 

 

Basic

 

 

20,209,132

 

 

 

20,055,836

 

Diluted effect of restricted stock units and stock options

 

 

14,693

 

 

 

 

 

 

20,223,825

 

 

 

20,055,836

 

Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings Per Share

The following securities were not included in the computation of diluted earnings per share as their effect would have been antidilutive:

 

 

 

For the Years Ended December 31,

 

 

 

2023

 

 

2022

 

Unvested restricted stock units

 

 

255,473

 

 

 

288,290

 

Options to purchase common stock

 

 

192,937

 

 

 

197,437

 

 

 

 

448,410

 

 

 

485,727