Year Ended December 31,

In thousands, except per share amounts

2022

2021

Numerator:

Net income

$

36,776

$

14,971

Less: Loss from redemption of Preferred stock

1,380

—

Less: Preferred stock dividend

—

496

Less: Earnings attributable to participating securities

—

1,858

Numerator for basic EPS: income attributable to common stockholders

35,396

12,617

Effect of dilutive securities:

Add back: Allocation of earnings to participating securities

—

1,858

Less: Re-allocation of earnings to participating securities considering potentially dilutive securities

—

(1,766

)

Numerator for diluted EPS

$

35,396

$

12,709

Denominator:

Basic EPS denominator: weighted-average common shares outstanding

7,101

6,802

Diluted EPS denominator

7,457

7,209

Basic income per common share

$

4.98

$

1.85

Diluted income per common share

$

4.75

$

1.76