Earnings Per Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share

Earnings Per Share

4.    Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(In thousands, except per share amounts)
Numerator:
Net earnings	$	4,495	$	3,820	$	8,548	$	5,145
Denominator:
Basic weighted average shares outstanding		9,549		9,654		9,572		9,667
Effect of dilutive securities:
Employee share-based awards		115		32		83		19
Diluted weighted average shares outstanding		9,664		9,686		9,655		9,686
Basic earnings per share	$	0.47	$	0.39	$	0.89	$	0.53
Diluted earnings per share	$	0.47	$	0.39	$	0.89	$	0.53

Diluted weighted average shares outstanding for the three months ended June 30, 2022, excluded anti-dilutive stock options totaling 483,000 shares of common stock at a weighted average exercise price of $28.73. Diluted weighted average shares outstanding for the six months ended June 30, 2022, excluded anti-dilutive stock options totaling 704,000 shares of common stock at a weighted average exercise price of $27.99. Diluted weighted average shares outstanding for the three months ended June 30, 2021, excluded anti-dilutive stock options totaling approximately 937,000 shares of common stock at a weighted average exercise price of $26.83. Diluted weighted average shares outstanding for the six months ended June 30, 2021, excluded anti-dilutive stock options totaling 1,048,000 shares of common stock at a weighted average exercise price of $25.85.