XML 32 R20.htm IDEA: XBRL DOCUMENT v3.24.3
Earnings per Share
9 Months Ended
Sep. 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 September 30,Nine Months Ended September 30,
(Dollars in thousands except shares and per share data)2024202320242023
Numerator for earnings per share:
Net income from continuing operations$2,156 $3,872 $10,807 $14,308 
Net (income) loss attributable to noncontrolling interest(76)(5)(156)231 
Net income available to common shareholders from continuing operations2,080 3,867 10,651 14,539 
Net income from discontinued operations available to common shareholders— — — 8,782 
Net income available to common shareholders$2,080 $3,867 $10,651 $23,321 
Denominator:
Weighted-average shares outstanding - basic 12,927,962 12,722,010 12,874,311 12,678,708 
Effect of dilutive instruments241,049 394,619 246,934 334,126 
Weighted-average shares outstanding - diluted13,169,011 13,116,629 13,121,245 13,012,834 
Earnings per share from continuing operations - basic$0.16 $0.30 $0.83 $1.15 
Earnings per share from discontinued operations - basic$— $— $— $0.69 
Earnings per common share - basic$0.16 $0.30 $0.83 $1.84 
Earnings per share from continuing operations - diluted$0.16 $0.29 $0.81 $1.12 
Earnings per share from discontinued operations - diluted$— $— $— $0.67 
Earnings per share common share - diluted$0.16 $0.29 $0.81 $1.79 
Instruments not included in the computation of diluted EPS because the effect would be antidilutive125,826 228,243 136,838 250,893