Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share
9 Months Ended
Sep. 30, 2023
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. There were no antidilutive common stock equivalents excluded from the diluted per share calculation.

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,
  2023 2022 2023 2022
Basic weighted average common shares outstanding 15,001,908  12,797,727  13,585,391  12,772,731 
Effect of dilutive shares 48,154  36,357  53,673  43,588 
Diluted weighted average common shares outstanding 15,050,062  12,834,084  13,639,064  12,816,319