(6) Earnings Per Share

6 Months Ended

Jun. 30, 2022

Earnings per share:

(6) Earnings Per Share

(6) Earnings Per Share

Earnings per share for the three-month and six-month periods ended June 30, 2022 and 2021 were calculated using the weighted average number of shares outstanding for the related period. The following table reconciles the number of shares used in the computations of basic and diluted earnings per share for the three-month and six-month periods ended June 30, 2022 and 2021:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
	(In thousands)				(In thousands)
Weighted average number of common shares outstanding during the period used to compute basic earnings per share		21,370		22,842		21,296		22,791
Incremental common shares attributable to exercise of outstanding options and warrants		6,317		2,288		6,647		2,257
Weighted average number of common shares used to compute diluted earnings per share		27,687		25,130		27,943		25,048

If the anti-dilutive effects of common stock equivalents were considered, shares included in the diluted earnings per share calculation for the three-month and six-month periods ended June 30, 2022 would have included an additional 824,000 and 692,000 shares, respectively, attributable to the exercise of outstanding options and warrants. For the three-month and six-month periods ended June 30, 2021, an additional 6.0 million and 6.9 million shares, respectively, would be included in the diluted earnings per share calculation.