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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Summary of Calculation of Basic and Diluted Earnings (Loss) Per Share

The calculation of basic and diluted earnings per share is as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In thousands, except per share amounts)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

2,143

 

 

$

5,086

 

 

$

1,016

 

 

$

5,982

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares – basic

 

 

49,123

 

 

 

48,449

 

 

 

49,110

 

 

 

48,393

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

84

 

 

816

 

 

111

 

 

722

 

PSUs, RSUs and restricted stock

 

 

602

 

 

 

161

 

 

 

592

 

 

 

110

 

Weighted average number of shares – diluted

 

 

49,809

 

 

 

49,426

 

 

 

49,813

 

 

 

49,225

 

Earnings per share – basic

 

$

0.04

 

 

$

0.10

 

 

$

0.02

 

 

$

0.12

 

Earnings per share – diluted

 

$

0.04

 

 

$

0.10

 

 

$

0.02

 

 

$

0.12