(Loss) Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings (Loss) Per Share

Basic (loss) earnings per share is computed by dividing net (loss) income by the weighted average number of shares of common stock outstanding during the periods. Diluted (loss) earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock and is calculated using the treasury stock method for unvested shares. Common equivalent shares are excluded from the calculation in the loss periods as their effects would be anti-dilutive.

	Three Months Ended June 30,					Six Months Ended June 30,
(In thousands, except share data)	2022			2021		2022			2021
Numerator:
Net (loss) income	$	(205	)	$	1,761	$	(98	)	$	1,183
Denominator:
Weighted average shares outstanding:
Basic		13,776,479			12,269,412		13,660,686			12,238,475
Diluted(1)		13,776,479			13,560,714		13,660,686			13,487,806
(Loss) earnings per share:
Basic	$	(0.01	)	$	0.14	$	(0.01	)	$	0.10
Diluted	$	(0.01	)	$	0.13	$	(0.01	)	$	0.09

(1)For the three and six months ended June 30, 2022, a total of 1,070,368 unvested restricted stock units (“RSUs”) have been excluded from the diluted loss per share, as the impact is anti-dilutive. For the three and six months ended June 30, 2021, diluted weighted average shares outstanding are calculated by the inclusion of unvested RSUs.