Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

Earnings (Loss) Per Share

Earnings (loss) per share was calculated as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands, except per-share amounts)	2022		2021		2022		2021
BASIC
Net income (loss)	$	7,234	$	(955)	$	7,312	$	11,631
Weighted-average common shares outstanding	12,656		13,392		12,709		13,622
Basic earnings (loss) per share	$	0.57	$	(0.07)	$	0.58	$	0.85
DILUTED
Net income (loss)	$	7,234	$	(955)	$	7,312	$	11,631
Weighted-average common shares outstanding for basic	12,656		13,392		12,709		13,622
Dilutive effect of stock options, restricted stock and common stock warrants	40		—		88		298
Weighted-average common shares outstanding on a diluted basis	12,696		13,392		12,797		13,920
Diluted earnings (loss) per share	$	0.57	$	(0.07)	$	0.57	$	0.84

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:

	Three Months Ended September 30,		Nine Months Ended September 30,
(In thousands)	2022	2021	2022	2021
Stock options	780	833	653	359
Restricted stock awards	315	329	221	46
Common stock warrants	275	275	275	183