Earnings per Share

6 Months Ended

Jun. 30, 2021

6. EARNINGS PER SHARE:

In accordance with ASC Topic 260 “Earnings Per Share,” basic earnings per common share (“Basic EPS”) is computed by dividing the net income attributable to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings per common share (“Diluted EPS”) is computed by dividing net income attributable to common stockholders by the weighted average number of common shares and dilutive common share equivalents and convertible securities then outstanding. There were 25,849 and 37,448 common share equivalents in the six months ended June 30, 2021 and 2020, respectively, presented in Diluted EPS.

The following table sets forth the computation of basic and diluted earnings per share information for the three and six months ended June 30, 2021 and 2020 (in thousands, except share and per share data):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Numerator:
Net income attributable to common stockholders	$	1,130	$	905	$	2,857	$	2,253
Denominator:
Weighted average common shares outstanding – basic		13,661,058		13,564,370		13,644,233		13,551,113
Weighted average common shares outstanding – diluted		13,686,907		13,601,818		13,670,082		13,588,561
Basic and Diluted Per Share Information:
Net income per share – basic and diluted	$	0.08	$	0.07	$	0.21	$	0.17