Earnings Per Share

3 Months Ended

Mar. 31, 2023

Earnings Per ShareBasic earnings per share is computed by dividing net income attributable to common stockholders by the number of weighted average shares of voting common stock outstanding, including unvested restricted stock awards which contain rights to non-forfeitable dividends. Diluted earnings per share is computed by dividing net income attributable to common stockholders by the number of weighted average shares of voting common stock outstanding, adjusted for the dilutive

impact of unissued shares paid to directors as compensation. A reconciliation of the number of shares used in the calculation of basic and diluted earnings per share for the three months ended March 31, 2023 and 2022 follows:


	Three Months Ended March 31,
	2023	2022
Weighted average number of common shares outstanding	69,201,232	77,224,165
Effect of non-participatory equity compensation	17,629	25,000
Weighted average number of common shares outstanding, including effect of dilutive securities	69,218,861	77,249,165