Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Components of Basic and Diluted Earnings Per Share

The components of basic and diluted earnings per share are as follows (in thousands, except share and per share data):


	Three Months Ended March 31,
		2023		2022
Numerator for basic and diluted net income per common share:
Net income from continuing operations attributable to common shareholders		$	15,458	$	18,521
Net income available to participating securities (1)		(21)		(52)
Net income available to common shareholders from operations		$	15,437	$	18,469
Denominator:
Weighted-average outstanding shares of common stock		19,847,280		19,921,375
Dilutive effect of:
Equity incentive plans		27,655		102,801
Employee Stock Purchase Plan		9,722		11,651
Common stock and common stock equivalents		19,884,657		20,035,827
Net income per share from operations:
Basic		$	0.78	$	0.93
Diluted		$	0.78	$	0.92

(1) Represents unvested share-based payment awards that contain certain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid).