(in thousands, except per share data)

Years ended December 31,

2023

2022

Numerator:

Income from continuing operations

$

25,550

$

30,132

(Less) plus: net (income) loss from continuing operations attributable to noncontrolling interests

(453

)

1,471

Less: dividends on preferred stock, net of tax

(74

)

(306

)

Numerator used in calculating basic earnings per share from continuing operations attributable to common shareholders

$

25,023

$

31,297

Adjustment to add-back dividends on preferred stock

74

306

Adjustment for proportionate interest in subsidiaries' (loss) earnings attributable to common stock

(6

)

76

Numerator used in calculating diluted earnings per share from continuing operations attributable to common shareholders

$

25,091

$

31,679

Loss from discontinued operations

(1,538

)

(15,067

)

Plus: net loss from discontinued operations attributable to noncontrolling interests

—

8,186

Numerator used in calculating diluted earnings per share - net income attributable to common shareholders

$

23,553

$

24,798

Denominator:

Weighted average basic shares

Weighted average common shares outstanding

25,713

22,961

Weighted average diluted shares

Weighted average common shares outstanding

25,713

22,961

Effect of potentially dilutive securities (a)

Unvested restricted stock awards

735

596

Warrants

—

811

Convertible preferred stock

—

936

Total weighted average diluted shares

26,448

25,304

Basic earnings (loss) attributable to common shareholders:

Continuing operations

$

0.97

$

1.36

Discontinued operations

$

(0.06

)

$

(0.30

)

Basic earnings per share - net income attributable to common shareholders

$

0.91

$

1.06

Diluted earnings (loss) attributable to common shareholders:

Continuing operations

$

0.95

$

1.25

Discontinued operations

$

(0.06

)

$

(0.27

)

Diluted earnings per share - net income attributable to common shareholders

$

0.89

$

0.98