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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2022
Summary of Significant Accounting Policies  
Schedule of Computation of Basic and Diluted Earnings Per Share

Three Months Ended

 

Nine Months Ended

 

September 30, 

 

September 30, 

 

    

2022

    

2021

    

2022

    

2021

    

(In thousands, except per share data)

 

Numerator:

 

  

 

  

  

 

  

Net (loss) income

$

(104)

$

3,454

$

4,923

$

7,465

Less: Income allocated to unvested participating securities

 

(1)

 

37

 

37

 

80

Net income available to common stockholders

$

(103)

$

3,417

$

4,886

$

7,385

Denominator:

 

 

 

 

Denominator for basic earnings per share — weighted average shares

 

5,961

 

5,917

 

5,977

 

5,916

Effect of dilutive securities:

 

 

 

 

Common stock equivalents

 

 

 

 

Denominator for diluted earnings per share — adjusted weighted-average shares and assumed conversions

 

5,961

 

5,917

 

5,977

 

5,916

Earnings (loss) per share:

 

 

 

 

Basic

$

(0.01)

$

0.58

$

0.82

$

1.25

Diluted

$

(0.01)

$

0.58

$

0.82

$

1.25