Ascent Industries Co. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

Earnings Per Share

12 Months Ended

Dec. 31, 2022

The following table sets forth the computation of basic and diluted earnings per share:


(in thousands, except per share data)	2022		2021
Numerator:
Net earnings	$	22,066	$	20,245

Denominator:
Denominator for basic earnings per share - weighted average shares	10,230		9,340
Effect of dilutive securities:
Employee stock options and stock grants	180		116
Denominator for diluted earnings per share - weighted average shares	10,410		9,456

Net earnings per share:
Basic	$	2.16	$	2.17
Diluted	$	2.12	$	2.14

The diluted earnings per share calculations exclude the effect of potentially dilutive shares when the inclusion of those shares in the calculation would have an anti-dilutive effect. The Company had an insignificant number of shares of common stock that were anti-dilutive in 2022. The Company had 0.1 million shares of common stock that were anti-dilutive in 2021