Annual report pursuant to Section 13 and 15(d)

Earning (Loss) Per Share (Tables)

v3.22.1
Earning (Loss) Per Share (Tables)
 12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share From Continuing Operations
The following table sets forth the computation of basic and diluted earnings (loss) per share:
 (in thousands, except per share data) 2021
2020(a)
Numerator:    
Net earnings (loss) $ 20,245  $ (27,267)
Denominator:    
Denominator for basic earnings (loss) per share - weighted average shares 9,340  9,140 
Effect of dilutive securities:    
Employee stock options and stock grants 116  — 
Denominator for diluted earnings (loss) per share - weighted average shares 9,456  9,140 
Net earnings (loss) per share:    
Basic $ 2.17  $ (2.98)
Diluted $ 2.14  $ (2.98)
(a)As discussed in Note 9, the Company distributed subscription rights to holders of common stock, which were priced at a discount to the market value, to acquire additional common shares. The Rights Offering, because of the discount, contains a bonus element that is similar to a stock dividend. As such, the basic and diluted EPS has been retroactively adjusted for the bonus element for all prior periods presented.