Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share
9 Months Ended
Sep. 30, 2021
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 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