Earnings Per Share

6 Months Ended

Jun. 30, 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 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