Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.24.2.u1
Earnings Per Share
6 Months Ended
Jun. 30, 2024
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. The antidilutive common stock equivalents excluded from the diluted per share calculation are 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,
  2024 2023 2024 2023
Basic weighted average common shares outstanding 17,152,661  12,886,100  16,468,288  12,865,394 
Effect of dilutive shares 49,454  30,898  102,745  56,432 
Diluted weighted average common shares outstanding 17,202,115  12,916,998  16,571,033  12,921,826