Earnings per Share

12 Months Ended

Dec. 31, 2021

3. Earnings per share

Basic earnings per share is based on the weighted average number of outstanding common shares for the period. Diluted earnings per share adjusts the weighted average shares outstanding for the potential dilution that could occur if outstanding vested stock options were exercised. Basic and diluted earnings per share are based on the weighted average number of outstanding shares for the period.

The number of common shares and common share equivalents used in the determination of basic and diluted (loss) earnings per share were as follows:

(in thousands, except for per share data)	Years ended December 31,
	2021		2020
Numerator:
Net income (loss) attributed to common shareholders	$	10,607	$	(10,537	)

Denominator:
Weighted-average shares outstanding for basic earnings per share		20,761,191		20,439,157

Effect of dilutive securities:
Dilutive RSU shares outstanding		-		-

Adjusted weighted-average shares outstanding and assumed conversions for diluted earnings per share		20,761,191		20,439,157

Shares related to dilutive securities excluded because inclusion would be anti-dilutive		-		-