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Basis of Presentation - (Tables)
9 Months Ended
Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Earnings Per Share Reconciliation The following table shows: 1) weighted average basic shares, 2) potentially dilutive weighted average common shares related to stock options and unvested restricted stock awards, and 3) weighted average diluted shares. Basic earnings per share (“EPS”) are calculated by dividing net income by the weighted average number of common shares outstanding during each period, excluding unvested restricted stock awards. Diluted EPS are calculated using the weighted average number of potentially dilutive common shares. The number of potentially dilutive common shares included in the quarterly diluted EPS is computed using the average market prices during the three months included in the reporting period under the treasury stock method. The number of potentially dilutive common shares included in year-to-date diluted EPS is a year-to-date weighted average of potentially dilutive common shares included in each quarterly diluted EPS computation. In computing diluted EPS, we exclude anti-dilutive shares such as options whose exercise prices exceed the current common stock price, as they would not reduce EPS under the treasury method. We have two forms of outstanding common stock: common stock and unvested restricted stock awards. Holders of unvested restricted stock awards receive non-forfeitable dividends at the same rate as common shareholders and they both share equally in undistributed earnings. Under the two-class method, there is no difference in EPS when considering these participating securities.
Three months endedNine months ended
(in thousands, except per share data)September 30, 2021September 30, 2020September 30, 2021September 30, 2020
Weighted average basic common shares outstanding14,922 13,539 13,798 13,526 
Potentially dilutive common shares related to:
Stock options51 53 62 71 
Unvested restricted stock awards20 18 21 20 
Weighted average diluted shares outstanding14,993 13,610 13,881 13,617 
Net income$5,282 $7,491 $23,514 $22,125 
Basic EPS$0.35 $0.55 $1.70 $1.64 
Diluted EPS$0.35 $0.55 $1.69 $1.62 
Weighted average anti-dilutive common shares not included in the calculation of diluted EPS97 202 91 152