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Earnings Per Share
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share:
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands, except per share data)2022202120222021
Numerator:  
Net income$624 $8,199 $21,941 $12,179 
Denominator:  
Denominator for basic earnings per share - weighted average shares
10,253 9,287 10,235 9,237 
Effect of dilutive securities:  
Employee stock options and stock grants212 116 172 111 
Denominator for diluted earnings per share - weighted average shares
10,465 9,403 10,407 9,348 
Net income per share:
Basic$0.06 $0.88 $2.14 $1.32 
Diluted$0.06 $0.87 $2.11 $1.30 
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 an insignificant number of shares that were anti-dilutive for the three and nine months ended September 30, 2022. The Company had 0.3 million and 0.2 million shares of common stock that were anti-dilutive for both the three and nine months ended September 30, 2021.