(in thousands except per share data)

Three Months Ended

March 31,

2023

2022

Numerators:

Income from continuing operations

$

16,485

$

22,167

Income from discontinued operations

150

-

Net income

$

16,635

$

22,167

Denominator:

Denominator for basic income per share – weighted-average shares

13,361

16,602

Effect of dilutive securities:

Equivalent shares issuable upon conversion of unvested restricted shares

288

167

Equivalent shares issuable upon conversion of unvested employee stock options

228

-

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

13,877

16,769

Basic income per share:

Income from continuing operations

$

1.23

$

1.34

Income from discontinued operations

0.01

-

Net income(1)

$

1.25

$

1.34

Diluted income per share:

Income from continuing operations

$

1.19

$

1.32

Income from discontinued operations

0.01

-

Net income

$

1.20

$

1.32