Net Income Per Common Share

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Net Income Per Common Share

Net Income Per Common Share

Basic net income per common share is based on the weighted average number of shares of common stock outstanding during the period. Diluted net income per common share increases the shares used in the per share calculation by the dilutive effects of restricted stock and option awards. The table below reflects the calculation of the weighted average number of common shares outstanding, on an as if converted basis, used in computing basic and diluted net income per common share (in thousands).

	Three Months Ended March 31,
	2022	2021
	(Unaudited)
Basic weighted average shares outstanding	18,805	16,211
Effect of dilutive restricted stock and options	74	211
Diluted weighted average shares outstanding	18,879	16,422

The table below reflects a summary of securities that could potentially dilute basic net income per common share in future periods that were not included in the computation of diluted earnings per share because the effect would have been antidilutive (in thousands).

	Three Months Ended March 31,
	2022	2021
	(Unaudited)
Antidilutive securities:
Stock Options	103	18
Restricted Shares	173	3
Total antidilutive securities	276	21