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Earnings per Share (Tables) | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Basic and Diluted EPS | The following table is a reconciliation of the components used to derive basic and diluted EPS for the three and six months ended June 30, 2023 and 2022 ($ in thousands, except share and per share amounts):
|  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
($ in thousands) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Numerator: |  |  |  |  |  |  |  |
Net income |  | $ | 4,638 |  |  | $ | 5,482 |  |  | $ | 8,499 |  |  | $ | 14,916 |
Amount allocated to participating common shareholders(1) |  | (88) |  |  | (41) |  |  | (122) |  |  | (112) |
Net income allocate to common shareholders |  | $ | 4,550 |  |  | $ | 5,441 |  |  | $ | 8,377 |  |  | $ | 14,804 |
Denominator: |  |  |  |  |  |  |  |
Weighted average shares outstanding, basic |  | 12,603,463 |  | 12,716,010 |  | 12,655,605 |  | 12,698,714
Weighted average effect of dilutive securities: |  |  |  |  |  |  |  |
Stock options |  | 327,786 |  | 558,855 |  | 359,632 |  | 589,091
Warrants |  | 58,281 |  | 142,525 |  | 65,383 |  | 156,542
Weighted average shares outstanding, diluted |  | 12,989,530 |  | 13,417,390 |  | 13,080,620 |  | 13,444,347
Earnings per share, basic |  | $ | 0.36 |  |  | $ | 0.43 |  |  | $ | 0.66 |  |  | $ | 1.17 |
Earnings per share, diluted |  | $ | 0.35 |  |  | $ | 0.41 |  |  | $ | 0.64 |  |  | $ | 1.10 |
(1)Represents earnings attributable to holders of unvested restricted stock issued outside of the Plan to the Company’s employees.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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