Basic and Diluted Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data) for the periods indicated:

	Years Ended December 31,
	2020			2019		2018
Numerator:
Net income	$	(7,524	)	$	34,355	$	22,501
Denominator:
Weighted average common shares of class A common stock		7,658			8,221		9,340
Weighted average common shares of class B common stock		2,026			2,035		2,035
Total weighted average common stock shares outstanding		9,684			10,256		11,375
Effect of dilutive securities:
Employee stock options		0			72		37
Adjusted weighted average shares		9,684			10,328		11,412
Earnings per share:
Basic earnings per share	$	(0.78	)	$	3.35	$	1.98
Diluted earnings per share	$	(0.78	)	$	3.33	$	1.97