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NET INCOME PER COMMON SHARE
3 Months Ended
Mar. 31, 2022
NET INCOME PER COMMON SHARE  
NET INCOME PER COMMON SHARE

NOTE 6—NET INCOME PER COMMON SHARE

Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would share in the net income of the Company.  For the three months ended March 31, 2022 and 2021, 0.0 million and 0.1 million restricted stock units, respectively, have not been considered in the diluted earnings per share calculation, as the effect would be anti-dilutive.      

The following tables set forth the computation of basic and diluted earnings per share:

Three Months Ended March 31,

2022

    

2021

Basic:

Net income

$

4,930

$

3,424

Weighted average common shares

 

48,526

 

48,504

Earnings per share

$

0.10

$

0.07

Diluted:

Net income

$

4,930

$

3,424

Basic weighted average common shares

 

48,526

 

48,504

Potential common shares

 

2,800

 

3,809

Diluted weighted average common shares

 

51,326

 

52,313

Diluted earnings per share

$

0.10

$

0.07