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EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2022

EARNINGS PER SHARE

EARNINGS PER SHARE

(5)   EARNINGS PER SHARE

Basic earnings/(loss) per share are computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding and the number of dilutive potential common share equivalents during the period, calculated using the treasury-stock method for outstanding stock options. In periods of losses, diluted loss per share is computed on the same basis as basic loss per share as the inclusion of any other potential common shares outstanding would be anti-dilutive.

The calculation of basic and diluted earnings per share for the three months ended March 31, 2022 and 2021 are as follows (in thousands, except per share data):

​

​	​	​	​	​	​	​
​	​	For the Three Months Ended March 31,
​		2022			2021
Basic earnings per share	​	​			​
Net income (loss) available to common stockholders	​	$	1,377	​	$	(706)
Basic weighted-average shares outstanding	​		39,765	​		38,321
​	​	​	​	​	​	​
Basic earnings (loss) per share	​	$	0.03	​	$	(0.02)
​	​	​	​	​	​	​
Diluted earnings per share	​		​	​		​
Net income (loss) available to common stockholders	​	$	1,377	​	$	(706)
Weighted-average shares outstanding	​		39,765	​		38,321
Effect of dilutive securities - options and restricted stock	​		1,423	​		—
Diluted weighted-average shares outstanding	​		41,188	​		38,321
​	​	​	​	​	​	​
Diluted earnings (loss) per share	​	$	0.03	​	$	(0.02)

​

For the three months ended March 31, 2022 and 2021, 0.5 million and 1.1 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 9, 2021.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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