Earnings per Share.
The following details the computations of the basic and diluted earnings per common share (in thousands, except per share amounts):
Years Ended December 31
202520242023
Common shares:
Weighted average common shares outstanding during the period – shares used for basic earnings per common share18,96718,88218,840
Common shares issuable under share based payments plans which are potentially dilutive using the treasury stock method488882
Common shares used for diluted earnings per common share19,01518,97018,922
Net income attributable to the Company$3,330 6,3855,302
Earnings per common share:
 -basic $0.18 0.340.28
 -diluted$0.18 0.340.28
For 2025 and 2024 the Company had 85,886 and 32,530 shares, respectively attributable to outstanding stock options that were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.
During 2025 the Company repurchased 20,281 shares at an average cost of $22.89. During 2023 the Company repurchased 73,818 shares at an average cost of $27.10.

Historical Timeline

Fiscal YearFiled
2025Apr 15, 2026Showing above
2024Mar 18, 2025
2023Mar 26, 2024
2022Mar 23, 2023
2021Mar 30, 2022
2020Mar 19, 2021
2019Mar 12, 2020
2018Mar 15, 2019
2017Mar 16, 2018
2016Dec 12, 2016
2015Dec 11, 2015

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.