EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2022

EARNINGS PER SHARE

EARNINGS PER SHARE

16.    EARNINGS PER SHARE

Basic and diluted weighted-average shares outstanding are as follows (in thousands):

	Three months ended
	March 31,
	2022	2021
Basic weighted average shares outstanding	15,096	14,306
Dilutive effect of potential common shares	503	132
Diluted weighted average shares outstanding	15,599	14,438

For the three months ended March 31, 2022 and 2021, the anti-dilutive common shares excluded from the calculation of diluted earnings per share were immaterial.