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Earnings per Share | 6 Months Ended
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Jun. 30, 2024
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 June 30, |  | Six Months Ended June 30,
(Dollars in thousands except shares and per share data) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Numerator for earnings per share: |  |  |  |  |  |  |  |
Net income from continuing operations |  | $ | 4,149 |  |  | $ | 7,998 |  |  | $ | 8,651 |  |  | $ | 10,436 |
Net (income) loss attributable to noncontrolling interest |  | (60) |  |  | 114 |  |  | (80) |  |  | 236 |
Net income available to common shareholders from continuing operations |  | 4,089 |  |  | 8,112 |  |  | 8,571 |  |  | 10,672 |
Net income from discontinued operations available to common shareholders |  | — |  |  | — |  |  | — |  |  | 8,782 |
Net income available to common shareholders |  | $ | 4,089 |  |  | $ | 8,112 |  |  | $ | 8,571 |  |  | $ | 19,454 |
Denominator: |  |  |  |  |  |  |  |
Weighted-average shares outstanding - basic |  | 12,883,426 |  |  | 12,689,669 |  |  | 12,847,191 |  |  | 12,656,698 |
Effect of dilutive instruments |  | 162,234 |  |  | 225,625 |  |  | 211,600 |  |  | 303,027 |
Weighted-average shares outstanding - diluted |  | 13,045,660 |  |  | 12,915,294 |  |  | 13,058,791 |  |  | 12,959,725 |
Earnings per share from continuing operations - basic |  | $ | 0.32 |  |  | $ | 0.64 |  |  | $ | 0.67 |  |  | $ | 0.84 |
Earnings per share from discontinued operations - basic |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.69 |
Earnings per common share - basic |  | $ | 0.32 |  |  | $ | 0.64 |  |  | $ | 0.67 |  |  | $ | 1.54 |
Earnings per share from continuing operations - diluted |  | $ | 0.31 |  |  | $ | 0.63 |  |  | $ | 0.66 |  |  | $ | 0.82 |
Earnings per share from discontinued operations - diluted |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.68 |
Earnings per share common share - diluted |  | $ | 0.31 |  |  | $ | 0.63 |  |  | $ | 0.66 |  |  | $ | 1.50 |
Instruments not included in the computation of diluted EPS because the effect would be antidilutive |  | 606,925 |  |  | 641,534 |  |  | 316,368 |  |  | 274,409 |

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