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Earnings per Share

3 Months Ended

Mar. 31, 2023

12.	Earnings Per Share

The computation of basic earnings per share is based on the Company’s net income divided by the weighted average number of common shares outstanding. Diluted earnings per share reflect the potential dilution that could occur if outstanding stock options were exercised. The dilutive effect of stock options was calculated using the treasury stock method.

For the three months ended March 31, 2023, there were 1,390,000 anti-dilutive stock options excluded from the computation of diluted earnings per share. For the three months ended March 31, 2022, there were zero anti-dilutive stock options excluded from the computation of diluted earnings per share.