Earnings Per Share

3 Months Ended

Mar. 31, 2024

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 March 31,
		2024	2023
Basic weighted average common shares outstanding		15,783,915	12,844,458
Effect of dilutive shares		156,035	81,966
Diluted weighted average common shares outstanding		15,939,950	12,926,424