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Net Income Per Common Share (Tables)
9 Months Ended
Sep. 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
September 30,
Nine months ended
September 30,
2021202020212020
Net income (loss) $(3,312)$3,343 $4,230 $9,032 
Less: net income allocated to participating securities— 207 234 438 
Net income (loss) available to common shareholders$(3,312)$3,136 $3,996 $8,594 
Weighted average common shares outstanding — basic8,053,000 7,969,000 8,015,000 7,922,000 
Effect of weighted average dilutive securities— — 32,000 — 
Weighted average common and potentially issuable common shares outstanding — diluted8,053,000 7,969,000 8,047,000 7,922,000 
Basic net income (loss) per common share$(0.41)$0.39 $0.50 $1.08 
Diluted net income (loss) per common share$(0.41)$0.39 $0.50 $1.08 
Three months ended
September 30,
Nine months ended
September 30,
2021202020212020
Net income allocated to participating securities$— $207 $234 $438 
Weighted average participating shares outstanding — basic— 526,000 470,000 404,000 
Effect of dilutive securities on participating shares— — — — 
Weighted average common and potentially issuable participating shares outstanding — diluted— 526,000 470,000 404,000 
Basic net income per participating share$0.00 $0.39 $0.50 $1.08 
Diluted net income per participating share$0.00 $0.39 $0.50 $1.08