VSE Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

9 Months Ended

Sep. 30, 2021

Earnings Per ShareBasic earnings per share ("EPS") is computed by dividing net income by the weighted average number of shares of common stock outstanding during each period. Shares issued during the period are weighted for the portion of the period that they were outstanding. Our calculation of diluted earnings per common share includes the dilutive effects for an assumed vesting of restricted stock awards. For the nine months ended September 30, 2020, diluted earnings per share does not include an adjustment

for the potential dilutive effect of dilutive securities as the effect would have been anti-dilutive due to the Company's net loss. The antidilutive common stock equivalents excluded from the diluted per share calculation are not material.


	Three months ended September 30,		Nine months ended September 30,
	2021	2020	2021	2020
Basic weighted average common shares outstanding	12,704,165	11,043,246	12,496,646	11,028,283
Effect of dilutive shares	70,471	57,110	76,430	—
Diluted weighted average common shares outstanding	12,774,636	11,100,356	12,573,076	11,028,283