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EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2021
EARNINGS PER SHARE  
EARNINGS PER SHARE

(6)   EARNINGS PER SHARE

The calculation of basic and diluted earnings per share for the years ended December 31, 2021 and 2020 are as follows (in thousands, except per share data):

For the Years Ended December 31,

2021

    

2020

Basic earnings per share

  

 

  

Net income available to common stockholders

$

17,103

$

9,074

Basic weighted-average shares outstanding

 

38,317

 

37,256

Basic earnings per share

$

0.45

$

0.24

Diluted earnings per share

 

  

 

  

Net income available to common stockholders

$

17,103

$

9,074

Weighted-average shares outstanding

 

38,317

 

37,256

Effect of dilutive securities - options and restricted stock

 

880

 

1,182

Diluted weighted-average shares outstanding

 

39,197

 

38,438

Diluted earnings per share

$

0.44

$

0.24

For the years ended December 31, 2021 and 2020, 0.4 million and 0.2 million shares of common stock were excluded from the dilutive stock calculation because their effect would have been anti-dilutive. The basic and diluted weighted-average shares outstanding for both periods presented have been updated to include the retroactive impact of the 10% common stock dividend declared on November 11, 2021.