Earnings per Share

12 Months Ended

Dec. 31, 2023

Earnings per common share:

Earnings per Share

6. Earnings per Share.

The following details the computations of the Basic and diluted earnings per common share (in thousands, except per share amounts):

	Years Ended December 31
	2023		2022		2021
Common shares:
Weighted average common shares outstanding during the period – shares used for basic earnings per common share		9,420		9,386		9,355
Common shares issuable under share based payments plans which are potentially dilutive		41		49		42
Common shares used for diluted earnings per common share		9,461		9,435		9,397
Net income attributable to the Company	$	5,302		4,565		28,215
Earnings per common share:
-basic	$	0.56		0.49		3.02
-diluted	$	0.56		0.48		3.00

For 2023 and 2022 the Company did not have any outstanding anti-dilutive stock options. For 2021, 6,680 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

During 2023 the Company repurchased 36,909 shares at an average cost of $54.19. During 2021 the Company repurchased 6,004 shares at an average cost of $43.95.