Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic 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. Antidilutive common stock equivalents excluded from the diluted earnings per share calculation for the three and nine month ended September 30, 2022 and 2021 were not material.

The weighted-average number of shares outstanding used to compute basic and diluted EPS were as follows:
Three months ended September 30, Nine months ended September 30,
  2022 2021 2022 2021
Basic weighted average common shares outstanding 12,797,727  12,704,165  12,772,731  12,496,646 
Effect of dilutive shares 36,357  70,471  43,588  76,430 
Diluted weighted average common shares outstanding 12,834,084  12,774,636  12,816,319  12,573,076