Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.22.2
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of the Computation of Basic and Diluted Loss Per Share
The following table sets forth the computation of basic and diluted earnings per share:
Three Months Ended June 30, Six Months Ended June 30,
(in thousands, except per share data) 2022 2021 2022 2021
Numerator:    
Net income $ 11,057  $ 2,886  $ 21,317  $ 3,980 
Denominator:    
Denominator for basic earnings per share - weighted average shares
 10,244  9,233  10,226  9,212 
Effect of dilutive securities:    
Employee stock options and stock grants 187  98  151  103 
Denominator for diluted earnings per share - weighted average shares
 10,431  9,331  10,377  9,315 
Net income per share:
Basic $ 1.08  $ 0.31  $ 2.08  $ 0.43 
Diluted $ 1.06  $ 0.31  $ 2.05  $ 0.43