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EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

The computations of basic and diluted earnings per share for the Company were as follows (in thousands except per share amounts) as of December 31:

 

 

 

2020

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings  (basic)

 

$

27,402

 

 

$

26,279

 

 

$

20,596

 

Net earnings (diluted)

 

$

27,402

 

 

$

26,279

 

 

$

20,596

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding (basic)

 

 

11,108,564

 

 

 

11,638,897

 

 

 

11,562,826

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Common stock equivalent shares from stock options

 

 

32,781

 

 

 

66,202

 

 

 

90,940

 

Weighted-average shares outstanding (diluted)

 

 

11,141,345

 

 

 

11,705,099

 

 

 

11,653,766

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

2.47

 

 

$

2.26

 

 

$

1.78

 

Diluted

 

$

2.46

 

 

$

2.25

 

 

$

1.77