Earnings (Loss) Per Common Share

6 Months Ended

Jun. 30, 2023

Earnings (Loss) Per Common ShareBasic earnings (loss) per common share is determined by dividing "Net income (loss) attributable to controlling interest" by the weighted average number of common shares outstanding during the reporting period. Diluted earnings (loss) per common share includes the dilutive effect of common stock equivalents, consisting of restricted stock units, performance stock units and stock held in the Company's deferred compensation programs, using the treasury stock method. Performance stock units, which are considered contingently issuable, are considered dilutive when the related performance criterion has been met.

The following table sets forth a reconciliation of the number of shares used in the computation of basic and diluted earnings (loss) per common share:


	Three Months Ended June 30,		Six Months Ended June 30,
	2023	2022	2023	2022
Denominator:
Denominator for basic earnings per common share	22,723,748	22,850,515	22,689,990	22,816,684
Effect of dilutive securities	45,699	—	82,242	107,184
Denominator for diluted earnings per common share	22,769,447	22,850,515	22,772,232	22,923,868

Antidilutive securities excluded from the calculation of diluted earnings per share	67,074	265,652	49,840	33,115