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Net Income Per Share
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
 
Basic net income per common share (“Basic EPS”), is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per common share (“Diluted EPS”) reflects the potential dilution that could occur if stock options or other contracts to issue common stock were exercised or converted into common stock. The computation of Diluted EPS does not assume exercise or conversion of securities that would have an anti-dilutive effect on net income per common share.
Following is a reconciliation of the numerator and denominator of Basic EPS to the numerator and denominator of Diluted EPS for the three and nine months ended September 30, 2023 and 2022 (dollar and share amounts in thousands, except for per share information):
 Three Months Ended
September 30,
Nine Months Ended
September 30,
 2023202220232022
Net income (loss) attributable to common shareholders$2,832 $90 $6,114 $(2,344)
Basic weighted average shares outstanding19,133 19,198 19,093 19,384 
Basic earnings (loss) per share attributable to common shareholders$0.15 $— $0.32 $(0.12)
Diluted shares outstanding:    
Basic weighted-average shares outstanding19,133 19,198 19,093 19,384 
Stock-based awards359 284 357 — 
Diluted weighted-average shares outstanding19,492 19,482 19,450 19,384 
Diluted earnings (loss) per share attributable to common shareholders$0.15 $— $0.31 $(0.12)
Dilutive shares excluded from diluted-per-share amounts:    
Share-based awards735 576 735 — 
Anti-dilutive shares excluded from diluted-per-share amounts:    
Share-based awards25 25 50 576 (1)
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(1)     As a result of the net loss for the nine months ended September 30, 2022, no potentially dilutive securities are included in the calculation of diluted loss per share because such effect would be anti-dilutive. Potentially dilutive securities for the nine months ended September 30, 2022 include 576 restricted stock units.

Potentially dilutive shares excluded from diluted-per-share amounts include performance-based restricted stock units, for which certain metrics have not been achieved. Potentially anti-dilutive shares excluded from diluted-per-share amounts include both non-qualified stock options and unearned performance-based options to purchase shares of common stock with exercise prices greater than the weighted-average share price during the period and shares that would be anti-dilutive to the computation of diluted net income per share for each of the periods presented.