Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Calculation of Earnings Per Share

Earnings per share was calculated as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands, except per-share amounts)	2021		2020		2021		2020
BASIC
Net income	$	5,593	$	14,400	$	12,586	$	20,246
Weighted-average common shares outstanding	13,672		13,915		13,737		13,938
Basic earnings per share	$	0.41	$	1.03	$	0.92	$	1.45
DILUTED
Net income	$	5,593	$	14,400	$	12,586	$	20,246
Weighted-average common shares outstanding for basic	13,672		13,915		13,737		13,938
Dilutive effect of stock options, restricted stock and common stock warrants	254		236		325		243
Weighted-average common shares outstanding on a diluted basis	13,926		14,151		14,062		14,181
Diluted earnings per share	$	0.40	$	1.02	$	0.89	$	1.43

Securities Excluded from the Computation of Diluted Earnings (Loss) Per Common Share

The following number of stock options, shares of restricted stock and common stock warrants were excluded from the computation of diluted earnings per common share as their inclusion would have been anti-dilutive:

	Three Months Ended June 30,		Six Months Ended June 30,
(In thousands)	2021	2020	2021	2020
Stock options	375	511	302	486
Restricted stock awards	88	3	69	27
Common stock warrants	275	275	138	275