XML 34 R17.htm IDEA: XBRL DOCUMENT v3.23.1

Net Income Per Share

12 Months Ended

Dec. 31, 2022

Net Income Per Share

Net Income Per Share

11. Net Income Per Share

Basic net income per share is computed on the basis of the weighted-average number of common shares outstanding during the period. Diluted net income per share is computed based upon the weighted-average number of common shares outstanding during the period plus the assumed issuance of common shares for all potentially dilutive securities.

The net income used in the calculation of basic and diluted net income per share are as follows:

​

​	​	​	​	​	​	​
​	​	Year ended December 31,
​		2022			2021
Net income available to shareholders	​	$	35,354,679	​	$	11,627,517

​

In calculating the net income per share, basic and diluted, the following weighted-average shares were used:

​

​	​	​	​	​
​	​	Year ended December 31,
​		2022		2021
Basic weighted-average number of shares outstanding	​	23,319,633	​	23,705,193
Dilutive stock options	​	15,831	​	—
Unvested time-based restricted shares		—		82,958
Unvested performance-based restricted shares		70,725		68,951
Diluted weighted average shares outstanding		23,406,189		23,857,102

​

We excluded the following shares from the diluted EPS because their inclusion would have been anti-dilutive.

​

​	​	​	​	​
​	​	Year ended December 31,
​		2022		2021
Anti-dilutive options	​	54,169	​	218,750
Anti-dilutive unvested time-based restricted shares	​	273,448	​	83,044
Anti-dilutive unvested performance-based restricted shares	​	28,519	​	82,549
Total Anti-dilutive shares		356,136		384,343

​

X

- References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

+ Details

Name:	us-gaap_EarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration