Earnings Per Share

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Share

(4) Earnings Per Share

Options to purchase approximately 1,164,000 shares of common stock that were outstanding as of March 31, 2023 were not included in the computation of earnings per share for the three months ended March 31, 2023, as inclusion of these shares would have resulted in an anti-dilutive effect and were thus omitted from disclosure.  Options to purchase approximately 2,080,000 shares of common stock that were outstanding as of March 31, 2022 were included in the computation of earnings per share for the three months ended March 31, 2022.

Earnings applicable to common stock and common stock shares used in the calculation of basic and diluted earnings per share are as follows:

	Three months ended March 31,
	2023			2022
Numerator: (in Thousands)
Net (loss) income	$	(1,159	)	$	62
Denominator:
Weighted average number of basic common shares outstanding		49,429,407			48,984,312
Weighted average additional shares assuming conversion of in-the-money stock options to common shares		—			2,080,000
Weighted average number of diluted common shares outstanding		49,429,407			51,064,312
Basic earnings per common share:
Net (loss) income per share – basic	$	(0.02	)	$	0.00
Diluted earnings per common share:
Net (loss) income per share – diluted	$	(0.02	)	$	0.00