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Earnings Per Share | 12 Months Ended
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Dec. 31, 2022
Earnings Per Share [Abstract] |
Earnings Per Share | 21. Earnings Per Share Earnings per share have been computed using the weighted average number of common shares and common share equivalents outstanding during the period. The following table sets forth the computation of basic and diluted earnings per share:
|  | Years Ended December 31, |
(Dollars in thousands, except share and per share data) |  | 2022 |  |  | 2021 |  |  | 2020 |
Numerator: |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | (850 | ) |  | $ | 29,354 |  |  | $ | (21,006 | )
Less: preferred stock distributions |  |  | 440 |  |  |  | 440 |  |  |  | 152 |
Net income (loss) available to common shareholders |  | $ | (1,290 | ) |  | $ | 28,914 |  |  | $ | (21,158 | )
Denominator: |  |  |  |  |  |  |  |  |
Weighted average shares for basic earnings per share |  |  | 14,482,164 |  |  |  | 14,426,739 |  |  |  | 14,291,265 |
Non-vested restricted stock |  |  | — |  |  |  | 11,016 |  |  |  | — |
Non-vested restricted stock units |  |  | — |  |  |  | 120,936 |  |  |  | — |
Options |  |  | — |  |  |  | 105,639 |  |  |  | — |
Weighted average shares for diluted earnings per share (1) |  |  | 14,482,164 |  |  |  | 14,664,330 |  |  |  | 14,291,265 |
Earnings per share - Basic |  | $ | (0.09 | ) |  | $ | 2.00 |  |  | $ | (1.48 | )
Earnings per share - Diluted |  | $ | (0.09 | ) |  | $ | 1.97 |  |  | $ | (1.48 | )
(1) For the years ended December 31, 2022 and 2020, “weighted average shares outstanding – basic” was used to calculate “diluted earnings per share” due to a net loss for these periods. If the Company had not incurr ed a loss in the years ended December 31, 2022 and 2020, 14,644,274 and 14,458,008 weighted average shares, respectively, would have been used to compute the diluted loss per share calculation. In addition to the basic shares, weighted average shares for the diluted calculation for the years ended December 31, 2022 and 2020 would have included 0 and 17,470 shares of non-vested restricted stock, respectively, 74,987 and 57,456 restricted stock units, respectively, and 87,124 and 91,816 share equivalents for options, respectively. The weighted average shares outstanding used to determine dilutive earnings per share for the years ended December 31, 2022, 2021, and 2020 does not include 346,667, 393,333, and 700,000 options, respectively, which were deemed to be anti-dilutive. The weighted average shares outstanding used to determine dilutive earnings per share for the year ended December 31, 2020 does not include 66,957 restricted stock units which were deemed to be anti-dilutive. There were no restricted stock units which were deemed to be anti-dilutive for the years ended December 31, 2022 and 2021.

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- 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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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