Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2022

Computations of Basic and Diluted Earnings Per Share

The computations of basic and diluted EPS are set forth below:


	For the Years Ended December 31,
	2022			2021			2020
	(in thousands, except per share amounts)
Numerator for basic and diluted EPS — net income	$	3,274		$	42,312		$	31,334
Denominator for basic EPS — weighted average number of shares	18,165			19,139			18,939
Add — dilutive effect of:
Restricted stock units	3,728		(1)	5,367		(1)	4,139		(1)
Denominator for diluted EPS — weighted average number of shares and dilutive securities	21,893			24,506			23,078
Earnings per share:
Basic EPS	$	0.18		$	2.21		$	1.65
Diluted EPS	$	0.15		$	1.73		$	1.36

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(1) Excludes 0, 92,081 and 0 outstanding restricted stock units that were antidilutive under the treasury stock method for the years ended December 31, 2022, 2021 and 2020, respectively, and thus were not included in the above calculation. The incremental shares that are included in the diluted EPS calculation will vary based on a variety of factors, including the average share price during the period and the amount of unrecognized compensation cost. The incremental shares included, if any, would be less than the number of outstanding restricted stock units.