Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share (Tables)

v3.22.2.2
Net Income Per Share (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Schedule of reconciliation of the numerator and denominator of Basic EPS to the numerator and denominator of Diluted EPS
Following is a reconciliation of the numerator and denominator of Basic EPS to the numerator and denominator of Diluted EPS for the three and nine months ended September 30, 2022 and 2021 (dollar and share amounts in thousands, except for per share information):
  Three Months Ended
September 30,
Nine Months Ended
September 30,
  2022 2021 2022 2021
Net income (loss) attributable to common shareholders $ 90  $ 4,858  $ (2,344) $ 15,414 
Basic weighted average shares outstanding 19,198  19,894  19,384  19,896 
Basic earnings (loss) per share attributable to common shareholders $ —  $ 0.24  $ (0.12) $ 0.77 
Diluted shares outstanding:        
Basic weighted-average shares outstanding 19,198  19,894  19,384  19,896 
Stock-based awards 284  481  —  396 
Diluted weighted-average shares outstanding 19,482  20,375  19,384  20,292 
Diluted earnings (loss) per share attributable to common shareholders $ —  $ 0.24  $ (0.12) $ 0.76 
Dilutive shares excluded from diluted-per-share amounts:        
Stock options 576  460  —  460 
Anti-dilutive shares excluded from diluted-per-share amounts:        
Stock options 25  —  576  (1) — 
_________________________________________

(1)     As a result of the net loss for the nine months ended September 30, 2022, no potentially dilutive securities are included in the calculation of diluted loss per share because such effect would be anti-dilutive. Potentially dilutive securities for the nine months ended September 30, 2022 include 576 restricted stock units.