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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2021
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 for the:

 

 

 

Three Months Ended

March 31,

 

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

Net earnings  (basic)

 

$

10,962

 

 

$

6,278

 

Net earnings (diluted)

 

$

10,962

 

 

$

6,278

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Weighted-average shares outstanding (basic)*

 

 

12,038,638

 

 

 

12,575,630

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Common stock equivalent shares from stock options

 

 

139,138

 

 

 

 

Weighted-average shares outstanding (diluted)

 

 

12,177,776

 

 

 

12,575,630

 

 

 

 

 

 

 

 

 

 

Net earnings per share

 

 

 

 

 

 

 

 

Basic

 

$

0.91

 

 

$

0.50

 

Diluted

 

$

0.90

 

 

$

0.50

 

 

 

 

 

 

 

 

 

 

* Adjusted retroactively for all periods presented to give effect to the 10% stock dividend issued during the first quarter of 2021.