XML 44 R32.htm IDEA: XBRL DOCUMENT v3.22.0.1
Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted The following table sets forth the computation of the basic and diluted earnings per share attributable to the Company's common stockholders for the years ended December 31, 2021 and 2020:
For the Years Ended
(in thousands, except per share amounts)December 31, 2021December 31, 2020
EPS numerator:
Net income$6,714 $5,807 
EPS denominator:
Weighted average shares outstanding – basic10,013 7,865 
 Nonvested restricted stock units215 191 
 Employee stock purchase plan
Weighted average shares outstanding – diluted10,232 8,065 
EPS:
      Basic$0.67 $0.74 
   Diluted $0.66 $0.72 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table summarizes the securities that were antidilutive or out-of-the-money, and therefore, were not included in the computations of diluted income per common share:
For the Years Ended
December 31, 2021December 31, 2020
Out-of-the-money warrants(1)
2,981,473 4,576,799 
Service-based RSUs54 7,471 
Performance and market-based RSUs(2)
14,164 276 
Employee stock purchase plan— 3,217 
Total2,995,691 4,587,763 
(1) On July 20, 2021, 2,140,214 Public Warrants, 99,000 Private Warrants, and 935,068 Additional Merger Warrants expired by their terms. Through their date of expiration, the Company calculated, on a security-by-security basis, the average market price for the portion of the period in which these securities were outstanding and concluded that these warrants were considered out-of-the-money, and therefore, were not included in the computation of diluted income per common share.
(2) For the years ended December 31, 2021 and 2020, certain PRSU and MRSU awards (each defined in Note 16) were not included in the computation of diluted income per common share because the performance and market conditions were not satisfied during the periods and would not be satisfied if the reporting date was at the end of the contingency period.