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Earnings Per Share

3 Months Ended

Mar. 31, 2021

3. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:


	Three Months EndedMarch 31,
	2021		2020

	(In thousands, except per share amounts)
Numerator:
Net earnings	$	1,325	$	1,162

Denominator:
Basic weighted average shares outstanding		9,680		9,781
Effect of dilutive securities:
Employee share-based awards		6		5
Diluted weighted average shares outstanding		9,686		9,786

Basic earnings per share	$	0.14	$	0.12

Diluted earnings per share	$	0.14	$	0.12

Diluted weighted average shares outstanding for the three months ended March 31, 2021, excludes anti-dilutive stock options totaling 1,160,000 shares of common stock at a weighted average price of $24.86. Diluted weighted average shares outstanding for the three months ended March 31, 2020, excludes anti-dilutive stock options totaling 1,190,000 shares of common stock at a weighted average price of $26.74.