Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Calculation of Earnings Per Share

Earnings per share was calculated as follows: 

	Year Ended December 31,
(In thousands, except per-share amounts)	2022		2021		2020
BASIC
Net income	$	407	$	5,301	$	38,572
Weighted-average common shares outstanding	12,703		13,465		13,893
Basic earnings per share	$	0.03	$	0.39	$	2.78
DILUTED
Net income	$	407	$	5,301	$	38,572
Weighted-average common shares outstanding for basic	12,703		13,465		13,893
Dilutive effect of stock options, restricted stock and common stock warrants	76		277		273
Weighted-average common shares outstanding on a diluted basis	12,779		13,742		14,166
Diluted earnings per share	$	0.03	$	0.39	$	2.72

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:

	Year Ended December 31,
(In thousands)	2022	2021	2020
Stock options	686	412	468
Restricted stock awards	242	65	14
Performance-based warrants	275	206	275