Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.22.2
Earnings Per Share
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Earnings Per Share 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 the assumed vesting of outstanding stock-based awards. For the three and six month ended June 30, 2021, diluted earnings per share did not include an adjustment for the potential dilutive effect of the dilutive securities as the effect would have been anti-dilutive to the Company's net loss. The anti-dilutive common stock equivalents excluded from the diluted per share calculation were not material. Antidilutive common stock equivalents excluded from the diluted earnings per share calculation for the three and six month ended June 30, 2022 were not material.
The weighted-average number of shares outstanding used to compute basic and diluted EPS were as follows:
Three months ended June 30, Six months ended June 30,
  2022 2021 2022 2021
Basic weighted average common shares outstanding 12,778,355  12,702,366  12,760,026  12,391,166 
Effect of dilutive shares 32,723  —  47,223  — 
Diluted weighted average common shares outstanding 12,811,078  12,702,366  12,807,249  12,391,166