XML 62 R40.htm IDEA: XBRL DOCUMENT v3.22.1
Earning (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share From Continuing Operations
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 shares9,340 9,140 
Effect of dilutive securities:  
Employee stock options and stock grants116 — 
Denominator for diluted earnings (loss) per share - weighted average shares9,456 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.