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Net Income Per Common Share (Tables)
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Computation of basic and diluted net income per common share:
The computation of basic and diluted net income (loss) per common share (in thousands, except for per share data) is as follows:
Three months ended
June 30,
Six months ended
June 30,
2021202020212020
Net income (loss) $4,086 $(2,272)$7,542 $5,689 
Less: net income allocated to participating securities232 — 437 236 
Net income (loss) available to common shareholders$3,854 $(2,272)$7,105 $5,453 
Weighted average common shares outstanding — basic8,002,000 7,916,000 7,994,000 7,899,000 
Effect of weighted average dilutive securities12,000 — 19,000 2,000 
Weighted average common and potentially issuable common shares outstanding — diluted8,014,000 7,916,000 8,013,000 7,901,000 
Basic net income (loss) per common share$0.48 $(0.29)$0.89 $0.69 
Diluted net income (loss) per common share$0.48 $(0.29)$0.89 $0.69 
Three months ended
June 30,
Six months ended
June 30,
2021202020212020
Net income allocated to participating securities$232 $— $437 $236 
Weighted average participating shares outstanding — basic482,000 — 491,000 342,000 
Effect of dilutive securities on participating shares— — — — 
Weighted average common and potentially issuable participating shares outstanding — diluted482,000 — 491,000 342,000 
Basic net income per participating share$0.48 $— $0.89 $0.69 
Diluted net income per participating share$0.48 $— $0.89 $0.69