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Earnings per Share
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Earnings per Share
Note 12 – 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 September 30,Nine Months Ended September 30,
(Dollars in thousands except shares and per share data)2023202220232022
Numerator for earnings per share:
Net income from continuing operations$3,872 $1,833 $14,308 $6,016 
Net (income) loss attributable to noncontrolling interest(5)163 231 521 
Net income available to common shareholders from continuing operations3,867 1,996 14,539 6,537 
Net income from discontinued operations available to common shareholders - basic and diluted— 722 8,782 2,001 
Net income available to common shareholders$3,867 $2,718 $23,321 $8,538 
Denominator:
Weighted-average shares outstanding - basic 12,722,010 12,238,505 12,678,708 12,170,028 
Effect of dilutive instruments394,619 616,446 334,126 682,546 
Weighted-average shares outstanding - diluted13,116,629 12,854,951 13,012,834 12,852,574 
Earnings per share from continuing operations - basic$0.30 $0.16 $1.15 $0.54 
Earnings per share from discontinued operations - basic$— $0.06 $0.69 $0.16 
Earnings per common share - basic$0.30 $0.22 $1.84 $0.70 
Earnings per share from continuing operations - diluted$0.29 $0.16 $1.12 $0.51 
Earnings per share from discontinued operations - diluted$— $0.05 $0.67 $0.15 
Earnings per share common share - diluted$0.29 $0.21 $1.79 $0.66 
Instruments not included in the computation of diluted EPS because the effect would be antidilutive228,243 564,604 250,893 533,543