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Earnings Per Share | 6 Months Ended
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Jun. 30, 2022
Earnings Per Share [Abstract] |
Earnings Per Share | EARNINGS PER SHARE The following table sets forth the computation of the basic and diluted earnings per share (in thousands, except per share data):
| Three months ended June 30, |  | Six months ended June 30,
| 2021 |  | 2022 |  | 2021 |  | 2022
Numerator for basic and diluted earnings per share: |  |  |  |  |  |  |
Net income (loss) | $ | (6,167) |  |  | $ | 10,899 |  |  | $ | 6,766 |  |  | $ | 27,301 |
Less: Loss (earnings) allocated to unvested restricted stock | 8 |  |  | (6) |  |  | (13) |  |  | (20) |
Income (loss) attributable to common stockholders | $ | (6,159) |  |  | $ | 10,893 |  |  | $ | 6,753 |  |  | $ | 27,281 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per common share - weighted average shares outstanding | 17,967 |  |  | 14,798 |  |  | 17,966 |  |  | 15,020 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock options | 213 |  |  | 226 |  |  | 232 |  |  | 325 |
Performance awards | 331 |  |  | 688 |  |  | 166 |  |  | 688 |
Denominator for diluted earnings per common share - weighted average shares outstanding | 18,511 |  |  | 15,712 |  |  | 18,364 |  |  | 16,033 |
Basic earnings (loss) per common share: | $ | (0.34) |  |  | $ | 0.74 |  |  | $ | 0.38 |  |  | $ | 1.82 |
Diluted earnings (loss) per common share: | $ | (0.33) |  |  | $ | 0.69 |  |  | $ | 0.37 |  |  | $ | 1.70 |
For the three and six months ended June 30, 2022 there were 366,038 and 259,359 stock options, respectively, excluded from the computation of diluted earnings per share because the inclusion of such stock option would result in an antidilutive effect. For the three and six months ended June 30, 2021, no stock options were excluded from the computation of diluted earnings per share. Our performance awards are considered to be contingently issuable shares because their issuance is contingent upon the satisfaction of certain performance and service conditions. At June 30, 2022, we had satisfied certain performance criteria for the first, second and third predetermined growth targets of our performance awards to be considered outstanding. Therefore, we included these awards in the computation of diluted earnings per share as of the beginning of the reporting period.

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