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Earnings Per Share
3 Months Ended
Mar. 31, 2022
Earnings Per Share  
Earnings Per Share

4.    Earnings Per Share

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

Three Months Ended March 31,

    

2022

    

2021

(In thousands, except per share amounts)

Numerator:

  

 

  

Net earnings

$

4,053

$

1,325

 

 

Denominator:

 

 

Basic weighted average shares outstanding

 

9,596

 

9,680

Effect of dilutive securities:

 

 

Employee share-based awards

 

51

 

6

Diluted weighted average shares outstanding

 

9,647

 

9,686

 

 

Basic earnings per share

$

0.42

$

0.14

 

 

Diluted earnings per share

$

0.42

$

0.14

Diluted weighted average shares outstanding for the three months ended March 31, 2022, excludes anti-dilutive stock options totaling 928,000 shares of common stock at a weighted average price of $27.24. 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.