NOTE 14:

EARNINGS PER SHARE

The table below presents the computation of basic and diluted net earnings per common share:

	Year ended December 31,
	2023		2022		2021
Numerator:
Net income attributable to ordinary shares – basic and diluted	$	117,413	$	99,225	$	38,706

Denominator:
Number of ordinary shares outstanding during the year		47,128,232		44,871,149		34,397,134
Weighted average effect of dilutive securities:
Employee options and restricted share units		2,945,753		3,200,489		3,432,591

Diluted number of ordinary shares outstanding		50,073,985		48,071,638		37,829,725

Basic net earnings per ordinary share	$	2.49	$	2.21	$	1.13

Diluted net earnings per ordinary share	$	2.34	$	2.06	$	1.02

Potential ordinary shares equivalents excluded because their effect would have been anti-dilutive		-		456,696		1,035,307