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Earnings Per Share
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Earnings Per Share

(4) Earnings Per Share

 

Options to purchase approximately 1,963,000 and 1,976,000 shares of common stock that were outstanding as of June 30, 2022 were included in the computation of earnings per share for the three months and six months ended June 30, 2022, respectively. Options to purchase approximately 1,995,000 and 1,784,000 shares of common stock that were outstanding as of June 30, 2021 were included in the computation of earnings per share for the three months and six months ended June 30, 2021, respectively.

 

Earnings applicable to common stock and common stock shares used in the calculation of basic and diluted earnings per share are as follows: 

 

                             
   Three months ended June 30,   Six months ended June 30, 
   2022   2021   2022   2021 
                     
Numerator: (in Thousands)                    
Net income  $50   $41   $112   $1,351 
                     
Denominator:                    
Weighted average number of basic shares outstanding   49,045,047    44,367,496    49,014,847    41,294,394 
Weighted average additional shares assuming conversion of in-the-money stock options to common shares   1,963,000    1,995,000    1,976,000    1,784,000 
Weighted average number of diluted common shares outstanding   51,008,047    46,362,496    50,990,847    43,078,394 
                     
Basic earnings per common share:                    
Net income per share – basic  $0.00   $0.00   $0.00   $0.03 
Diluted earnings per common share:                    
Net income per share – diluted  $0.00   $0.00   $0.00   $0.03