EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2022

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 9 – EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended
	March 31,
	2022		2021
Numerator:	(in thousands, except per share amounts)
Net income	$	13,111	$	3,597
Denominator:
Denominator for basic earnings per share – weighted average shares		8,831		8,841
Effect of dilutive securities:
Employee restricted stock and incentive stock options		212		166
Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversion		9,043		9,007
Basic earnings per share	$	1.48	$	0.41
Diluted earnings per share	$	1.45	$	0.40
Weighted average anti-dilutive employee restricted stock and incentive stock options		74		234