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Net (Loss) Income Per Share Attributable to Common Stockholders
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share Attributable to Common Stockholders

Note 7 – Net (Loss) Income Per Share Attributable to Common Stockholders

Basic earnings per share attributable to common stockholders (“EPS”) is computed by dividing net (loss) income attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net (loss) income attributable to common stockholders by the common shares plus common share equivalents. The Company’s common share equivalents are unvested restricted shares. For the year ended December 31, 2023, no additional shares related to restricted shares were included in the computation of diluted earnings per share due to the net loss for the year. For the year ended December 31, 2022, 830 additional shares related to common share equivalents were included in the computation of diluted earnings per share because the effect of those common share equivalents was dilutive. For the year ended December 31, 2021, 947 additional shares related to restricted shares were included in the computation of diluted earnings per share because the effect of those common share equivalents was dilutive. The Company excludes antidilutive restricted shares from the calculation of weighted-average shares for diluted earnings per share. There were 676, 645 and 610 antidilutive restricted shares for the years ended December 31, 2023, 2022 and 2021, respectively. For further information about the Company’s restricted shares, see Note 11 – “Equity Based Compensation.”

The following table is a summary of the basic and diluted net (loss) income per share attributable to common stockholders computation for the years ended December 31, 2023, 2022 and 2021:

 

Year Ended December 31, 2023

 

Year Ended December 31, 2022

 

Year Ended December 31, 2021

 

Net (loss) income attributable to common stockholders

$

(10,398

)

$

4,430

 

$

8,219

 

Weighted average shares outstanding, basic

 

10,114,606

 

 

10,605,242

 

 

11,480,517

 

Weighted average shares outstanding, diluted

 

10,114,606

 

 

10,606,072

 

 

11,481,464

 

Net (loss) income per share attributable to common stockholders, basic and diluted

$

(1.03

)

$

0.42

 

$

0.72