XML 47 R22.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Earnings Per Share | 9 Months Ended
--- | ---
Sep. 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 September 30, |  | Nine months ended September 30,
| 2021 |  | 2022 |  | 2021 |  | 2022
Numerator for basic and diluted earnings per share: |  |  |  |  |  |  |
Net income | $ | 13,046 |  |  | $ | 5,860 |  |  | $ | 19,812 |  |  | $ | 33,361 |
Less: Earnings allocated to unvested restricted stock | (18) |  |  | (3) |  |  | (33) |  |  | (21) |
Income attributable to common stockholders | $ | 13,028 |  |  | $ | 5,857 |  |  | $ | 19,779 |  |  | $ | 33,340 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per common share - weighted average shares outstanding | 17,499 |  |  | 14,689 |  |  | 17,809 |  |  | 14,908 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock options | 235 |  |  | 160 |  |  | 277 |  |  | 253 |
Performance awards | 512 |  |  | 688 |  |  | 279 |  |  | 688 |
Denominator for diluted earnings per common share - weighted average shares outstanding | 18,246 |  |  | 15,537 |  |  | 18,365 |  |  | 15,849 |
Basic earnings per common share: | $ | 0.74 |  |  | $ | 0.40 |  |  | $ | 1.11 |  |  | $ | 2.22 |
Diluted earnings per common share: | $ | 0.71 |  |  | $ | 0.38 |  |  | $ | 1.08 |  |  | $ | 2.09 |
For the three and nine months ended September 30, 2022, there were 363,073 and 294,310 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 nine months ended September 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 September 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.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration