Earnings Per Share

9 Months Ended

Sep. 30, 2022

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 the assumed vesting of outstanding stock-based awards. Antidilutive common stock equivalents excluded from the diluted earnings per share calculation for the three and nine month ended September 30, 2022 and 2021 were not material.

The weighted-average number of shares outstanding used to compute basic and diluted EPS were as follows:


	Three months ended September 30,		Nine months ended September 30,
		2022	2021	2022	2021
Basic weighted average common shares outstanding		12,797,727	12,704,165	12,772,731	12,496,646
Effect of dilutive shares		36,357	70,471	43,588	76,430
Diluted weighted average common shares outstanding		12,834,084	12,774,636	12,816,319	12,573,076