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Earning (Loss) Per Share | 12 Months Ended
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Dec. 31, 2021
Earnings Per Share [Abstract] |
Earning (Loss) Per Share | Earnings (Loss) Per Share The following table sets forth the computation of basic and diluted earnings (loss) per share:
(in thousands, except per share data) | 2021 |  | 2020(a) |  |
Numerator: |  |  |  |  |
Net earnings (loss) | $ | 20,245 |  |  | $ | (27,267) |  |  |
Denominator: |  |  |  |  |
Denominator for basic earnings (loss) per share - weighted average shares | 9,340 |  |  | 9,140 |  |  |
Effect of dilutive securities: |  |  |  |  |
Employee stock options and stock grants | 116 |  |  | — |  |  |
Denominator for diluted earnings (loss) per share - weighted average shares | 9,456 |  |  | 9,140 |  |  |
Net earnings (loss) per share: |  |  |  |  |
Basic | $ | 2.17 |  |  | $ | (2.98) |  |  |
Diluted | $ | 2.14 |  |  | $ | (2.98) |  |  |
(a)As discussed in Note 9, the Company distributed subscription rights to holders of common stock, which were priced at a discount to the market value, to acquire additional common shares. The Rights Offering, because of the discount, contains a bonus element that is similar to a stock dividend. As such, the basic and diluted EPS has been retroactively adjusted for the bonus element for all prior periods presented. The diluted earnings per share calculations exclude the effect of potentially dilutive shares when the inclusion of those shares in the calculation would have an anti-dilutive effect. The Company had 0.1 million and 0.2 million shares of common stock that were anti-dilutive in 2021 and 2020, respectivel

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