Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of the basic and diluted earnings per share for the three and nine months ended September 30, 2019 and 2020 (in thousands, except per share data):


	Three months ended September 30,				Nine months ended September 30,
	2019		2020		2019		2020
Numerator for basic and diluted earnings per share:
Net income	$	577	$	5,525	$	11,964	$	7,725
Less: Earnings allocated to unvested restricted stock	(3)		(14)		(52)		(23)
Income attributable to common stockholders	$	574	$	5,511	$	11,912	$	7,702

Denominator:
Denominator for basic earnings per common share - weighted average shares outstanding	17,737		17,895		17,917		17,853
Effect of dilutive securities:
Stock options	31		34		34		39
Convertible Notes	—		3		—		1
Denominator for diluted earnings per common share - weighted average shares outstanding	17,768		17,932		17,951		17,893

Basic earnings per common share:	$	0.03	$	0.31	$	0.66	$	0.43
Diluted earnings per common share:	$	0.03	$	0.31	$	0.66	$	0.43