Earnings Per Share

3 Months Ended

Mar. 31, 2023

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. There were no antidilutive common stock equivalents excluded from the diluted per share calculation.

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


	Three months ended March 31,
		2023	2022
Basic weighted average common shares outstanding		12,844,458	12,741,394
Effect of dilutive shares		81,966	61,885
Diluted weighted average common shares outstanding		12,926,424	12,803,279