Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.22.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share:
Three Months Ended March 31,
(in thousands, except per share data) 2022 2021
Numerator:    
Net income $ 10,260  $ 1,094 
Denominator:    
Denominator for basic earnings per share - weighted average shares
 10,209  9,191 
Effect of dilutive securities:    
Employee stock options and stock grants 111  97 
Denominator for diluted earnings per share - weighted average shares
 10,320  9,288 
Net income per share:
Basic $ 1.00  $ 0.12 
Diluted $ 0.99  $ 0.12 

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 immaterial number of shares of common stock that were anti-dilutive for the three months ended March 31, 2022. The Company had 0.2 million shares of common stock that were anti-dilutive for the three months ended March 31, 2021.