Three Months Ended

Six Months Ended

June 30,

(In thousands, except share and earnings per share data)

2021

2020

2021

2020

Basic earnings (loss) per common share

Numerator:

Net income (loss)

$

7,876

$

(16,380

)

$

6,758

$

5,928

Amount attributable to unvested restricted shares

-

(7

)

(674

)

Amount attributable to warrants outstanding

(215

)

-

(208

)

(161

)

Denominator:

Weighted-average common shares issued and outstanding

38,072,712

23,292,635

35,668,124

22,151,726

Basic earnings (loss) per common share

$

0.20

$

(0.70

)

$

0.18

$

0.23

Diluted earnings (loss) per common share

Numerator:

Net income (loss)

$

7,876

$

(16,380

)

$

6,758

$

5,928

Amount attributable to unvested restricted shares

(208

)

-

(200

)

-

Amount attributable to warrants

-

(7

)

(106

)

Less: gain related to change in fair value of warrants

-

(5,472

)

Diluted earnings (loss) allocated to common shareholders

7,668

(16,380

)

6,551

350

Denominator:

Weighted-average common shares issued and outstanding

38,072,712

23,292,635

35,668,124

22,151,726

Dilutive potential common shares from:

Stock options

1,249,810

-

1,436,767

1,717,253

Restricted shares

1,067,576

-

1,134,003

237,234

Diluted weighted average shares issued and outstanding

40,390,098

23,292,635

38,275,603

27,013,580

Diluted earnings (loss) per common share

$

0.19

$

(0.70

)

$

0.17

$

0.01