Earnings per Share

6 Months Ended

Jun. 30, 2022

(10) Earnings Per Share:

Basic earnings per share are computed by dividing earnings available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflect per share amounts that would have resulted if dilutive potential common stock had been converted to common stock in gain periods. The following reconciles amounts reported in the financial statements:


	Six Months Ended June 30,
	2022						2021
	Net Income (In 000’s)		Weighted Average Number of Shares Outstanding		Per Share Amount		Net Loss (In 000’s)			Weighted Average Number of Shares Outstanding		Per Share Amount




Basic	$	22,125		1,979,690	$	11.18	$	(3,858	)		1,994,177	$	(1.93	)
Effect of dilutive securities:
Options (a)		—		756,879				—			—

Diluted	$	22,125		2,736,569	$	8.08	$	(3,858	)		1,994,177	$	(1.93	)


	Three Months Ended June 30,
	2022						2021
	Net Income (In 000’s)		Weighted Average Number of Shares Outstanding		Per Share Amount		Net Loss (In 000’s)			Weighted Average Number of Shares Outstanding		Per Share Amount

Basic	$	10,983		1,972,979	$	5.57	$	(2,403	)		1,994,177	$	(1.20	)
Effect of dilutive securities:
Options (a)		—		757,185				—			—

Diluted	$	10,983		2,730,164	$	4.02	$	(2,403	)		1,994,177	$	(1.20	)

(a)	The effect of the 767,500 outstanding stock options is anti-dilutive for the three and six months ended June 30, 2021 due to the net loss for these periods.