Net Income (Loss) Per Common Share (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Loss Per Common Share

The following table sets forth the computation of basic and diluted net income (loss) per common share:

	Three months ended					Nine months ended
	September 30,					September 30,
(dollars in thousands, except per share amounts)	2021		2020			2021		2020
Numerator:
Net income (loss)	$	7,890	$	(7,000	)	$	868	$	(11,742	)
Denominator:
Weighted average number of shares of common stock outstanding		8,917,858		8,829,732			8,902,484		8,813,880
Weighted average effect of dilutive share-based compensation		164,513		-			148,363		-
Diluted weighted average number of shares of common stock outstanding		9,082,371		8,829,732			9,050,847		8,813,880
Net income (loss) per common share:
Net income (loss) per common share - Basic	$	0.88	$	(0.79	)	$	0.10	$	(1.33	)
Net income (loss) per common share - Diluted	$	0.87	$	(0.79	)	$	0.10	$	(1.33	)