Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2020

Earnings per share was calculated as follows:


	Year Ended December 31,
(In thousands, except per-share amounts)	2020		2019		2018
BASIC
Net income	$	38,572	$	3,630	$	11,924
Weighted-average common shares outstanding	13,893		13,879		13,948
Basic earnings per share	$	2.78	$	0.26	$	0.85
DILUTED
Net income	$	38,572	$	3,630	$	11,924
Weighted-average common shares outstanding for basic	13,893		13,879		13,948
Dilutive effect of stock options, restricted stock and common stock warrants	273		230		112
Weighted-average common shares outstanding on a diluted basis	14,166		14,109		14,060
Diluted earnings per share	$	2.72	$	0.26	$	0.85

Securities Excluded from the Computation of Diluted Earnings (Loss) Per Common Share

The following number of stock options, shares of restricted stock and common stock warrants were excluded from the computation of diluted earnings per common share as their inclusion would have been anti-dilutive:


	Year Ended December 31,
(In thousands)	2020	2019	2018
Stock options	468	371	390
Restricted stock awards	14	67	118
Performance-based warrants	275	188	175