Earnings per Share

3 Months Ended

Sep. 30, 2022

Earnings per common share:

Earnings per Share

(6) Earnings per Share.

The following details the computations of the Basic and Diluted Earnings Per Common Share (in thousands, except per share amounts):

	Three Months ended				Nine Months ended
	September 30,				September 30,
	2022		2021		2022		2021
Weighted average common shares outstanding   during the period – shares used for basic earnings   per common share		9,397		9,363		9,382		9,352
Common shares issuable under share based   payment plans which are potentially dilutive		36		36		41		38
Common shares used for diluted earnings  per common share		9,433		9,399		9,423		9,390
Net income attributable to the Company	$	480		352		1,809		28,807
Earnings per common share:
-basic	$	0.05		0.04		0.19		3.08
-diluted	$	0.05		0.04		0.19		3.07

For the three and nine months ended September 30, 2022, the Company did not have any outstanding anti-dilutive stock options. For the nine months ended September 30, 2021, 19,950 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

During the first nine months of 2021 the Company repurchased 6,004 shares at an average cost of $43.95.