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Earnings per Share | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Earnings per Share | Note 11 – Earnings per Share We determine basic earnings per share (“EPS”) by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted EPS is determined by dividing net income available to common shareholders by the weighted-average number of shares outstanding, increased by both the number of shares that would be issued assuming the exercise of instruments under our incentive stock plan. The following table presents our calculation of EPS for the periods shown:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(Dollars in thousands except shares and per share data) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Numerator for earnings per share: |  |  |  |  |  |  |  |
Net income from continuing operations |  | $ | 7,998 |  |  | $ | 2,273 |  |  | $ | 10,436 |  |  | $ | 4,183 |
Net loss attributable to noncontrolling interest |  | 114 |  |  | 165 |  |  | 236 |  |  | 358 |
Net income available to common shareholders |  | 8,112 |  |  | 2,438 |  |  | 10,672 |  |  | 4,541 |
Net income from discontinued operations available to common shareholders - basic and diluted |  | — |  |  | 518 |  |  | 8,782 |  |  | 1,279 |
Net income available to common shareholders |  | $ | 8,112 |  |  | $ | 2,956 |  |  | $ | 19,454 |  |  | $ | 5,820 |
Denominator: |  |  |  |  |  |  |  |
Weighted-average shares outstanding - basic |  | 12,689,669 |  |  | 12,176,805 |  |  | 12,656,698 |  |  | 12,135,223 |
Effect of dilutive securities |  | 225,625 |  |  | 718,776 |  |  | 303,027 |  |  | 735,669 |
Weighted-average shares outstanding - diluted |  | 12,915,294 |  |  | 12,895,581 |  |  | 12,959,725 |  |  | 12,870,892 |
Earnings per share from continuing operations - basic |  | $ | 0.64 |  |  | $ | 0.20 |  |  | $ | 0.84 |  |  | $ | 0.37 |
Earnings per share from discontinued operations - basic |  | $ | — |  |  | $ | 0.04 |  |  | $ | 0.69 |  |  | $ | 0.11 |
Earnings per common share - basic |  | $ | 0.64 |  |  | $ | 0.24 |  |  | $ | 1.54 |  |  | $ | 0.48 |
Earnings per share from continuing operations - diluted |  | $ | 0.63 |  |  | $ | 0.19 |  |  | $ | 0.82 |  |  | $ | 0.35 |
Earnings per share from discontinued operations - diluted |  | $ | — |  |  | $ | 0.04 |  |  | $ | 0.68 |  |  | $ | 0.10 |
Earnings per share common share - diluted |  | $ | 0.63 |  |  | $ | 0.23 |  |  | $ | 1.50 |  |  | $ | 0.45 |
Securities not included in the computation of diluted EPS because the effect would be antidilutive |  | 641,534 |  |  | 499,887 |  |  | 274,409 |  |  | 496,625 |

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