Earnings Per Share

9 Months Ended

Sep. 30, 2020

Basic earnings per share ("EPS") is computed by dividing net income by the weighted average number of shares of common stock outstanding during each period. Shares issued during the period are weighted for the portion of the period that they were outstanding. Our calculation of diluted earnings per common share includes the dilutive effects for an assumed vesting of restricted stock awards. The antidilutive common stock equivalents excluded from the diluted per share calculation are not material.


	Three months ended September 30,		Nine months ended September 30,
	2020	2019	2020	2019
Basic weighted average common shares outstanding	11,043,246	10,970,123	11,028,283	10,953,581
Effect of dilutive shares	57,110	89,958	—	82,370
Diluted weighted average common shares outstanding	11,100,356	11,060,081	11,028,283	11,035,951