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Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share:

 

 

Years Ended December 31,

 

 

 

2022

 

 

2021

 

Basic Income Per Share computation:

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

Net income

 

$

2,869

 

 

$

153

 

Denominator:

 

 

 

 

 

 

Common shares outstanding

 

 

18,150,289

 

 

 

18,017,006

 

Net Income per common share - basic

 

 

 

 

 

 

Net income

 

$

0.16

 

 

$

0.01

 

Diluted Income Per Share computation:

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Common shares outstanding

 

 

18,150,289

 

 

 

18,017,006

 

Restricted shares subject to vesting

 

 

139,280

 

 

 

104,798

 

Performance related awards

 

 

239,836

 

 

 

0

 

Common stock option grants

 

 

32

 

 

 

0

 

Total shares

 

 

18,529,437

 

 

 

18,121,804

 

Income per common share - diluted

 

 

 

 

 

 

Net income

 

$

0.15

 

 

$

0.01