EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2023

Earnings per share is based on the weighted average number of shares outstanding for the period. A reconciliation of the basic and diluted earnings per share is as follows:


	Three Months Ended				Nine Months Ended
(Share count in thousands)	September 30, 2023		September 30, 2022		September 30, 2023		September 30, 2022

Basic
Net income attributable to common stockholders	$	2,498	$	3,993	$	9,366	$	13,065
Weighted average common shares outstanding	10,470		10,510		10,473		10,522
Basic earnings per share	$	0.24	$	0.38	$	0.89	$	1.24
Diluted
Net income attributable to common stockholders	$	2,498	$	3,993	$	9,366	$	13,065
Weighted average common shares outstanding	10,470		10,510		10,473		10,522

Add: Dilutive stock options outstanding	—		9		2		11
Average shares and dilutive potential common shares	10,470		10,519		10,475		10,533
Diluted earnings per share	$	0.24	$	0.38	$	0.89	$	1.24
Additional common stock option shares that have not been included due to their antidilutive effect	40		21		40		—