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Earnings per share (Tables)
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table summarizes the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2023 and 2022:
(Net income in thousands)Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Basis (loss) earnings per share:
Net (loss) income attributable to Common shareholders$(3,770)$2,326 $(5,084)$4,391 
Divided by:
Weighted average shares outstanding3,965,1863,957,2693,965,1863,957,010
Basic (loss) earnings per share of common stock$(0.95)$0.59 $(1.28)$1.11 
Diluted (loss) earnings per share:
Net (loss) income attributable to Common shareholders$(3,770)$2,326 $(5,084)$4,391 
Weighted average shares outstanding3,965,1863,957,2693,965,1863,957,010
Effect of potentially dilutive restricted shares of common stock— (1)6,439— (2)8,588
Divided by:
Weighted average diluted shares outstanding3,965,1863,963,7083,965,1863,965,598
Diluted (loss) earnings per share of common stock$(0.95)$0.59 $(1.28)$1.11 
(1)
The weighted average diluted shares outstanding does not include 1,651 anti-dilutive restricted shares of common stock for the three months ended September 30, 2023.
(2)
The weighted average diluted shares outstanding does not include 3,009 anti-dilutive restricted shares of common stock for the nine months ended September 30, 2023.