(in thousands except per share data)

Three Months Ended

March 31,

2022

2021

Numerators:

Income from continuing operations

$

22,167

$

8,581

Income from discontinued operations

-

2,559

Net income

$

22,167

$

11,140

Denominator:

Denominator for basic income per share – weighted-average shares

16,602

16,954

Effect of dilutive securities:

Equivalent shares issuable upon conversion of unvested restricted shares

167

132

Equivalent shares issuable upon conversion of unvested employee stock options

-

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

16,769

17,086

Basic income per share:

Income from continuing operations

$

1.34

$

0.51

Income from discontinued operations

-

0.15

Net income

$

1.34

$

0.66

Diluted income per share:

Income from continuing operations

$

1.32

$

0.50

Income from discontinued operations

-

0.15

Net income

$

1.32

$

0.65