Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (EPS) (Tables)

v3.21.2
Earnings Per Share (EPS) (Tables)
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Schedule of calculations of basic and diluted EPS
    Three Months Ended June 30, 2021     Three Months Ended June 30, 2020  
    Net
Income
    Weighted
Average
Shares
Outstanding
    Earnings
Per
Share
    Net
Income
    Weighted
Average
Shares
Outstanding
    Earnings
Per
Share
 
    (in thousands, except per share data)     (in thousands, except per share data)  
Basic:                                    
As reported   $ 362       26,984             $ 3,803       23,163          
Amounts allocated to unvested restricted shares     (25 )     (1,871 )             (24 )     (146 )        
Amounts available to common stockholders   $ 337       25,113     $ 0.01     $ 3,779       23,017     $ 0.16  
Diluted:                                                
Amounts allocated to unvested restricted shares     25       1,871               24       146          
Stock warrants    
— 
      3,959              
— 
     
         
Incremental shares to be issued for convertible note – related party     10       900                    
         
Amounts reallocated to unvested restricted shares     (27 )    
              (24 )    
         
Amounts available to stockholders and assumed conversions   $ 345       31,843     $ 0.01     $ 3,779       23,163     $ 0.16  

 

    Six Months Ended June 30, 2021     Six Months Ended June 30, 2020  
   

Net

Income

   

Weighted

Average

Shares

Outstanding

   

Earnings

Per

Share

   

Net

Income

   

Weighted

Average

Shares

Outstanding

   

Earnings

Per

Share

 
    (in thousands, except per share data)     (in thousands, except per share data)  
Basic:            
As reported   $ 615       25,142             $ 6,836       23,163          
Amounts allocated to unvested restricted shares and warrants     (24 )     (986 )             (48 )     (162 )        
Amounts available to common stockholders   $ 591       24,156     $ 0.02     $ 6,788       23,001     $ 0.30  
Diluted:                                                
Amounts allocated to unvested restricted shares     25       986               48       162          
Stock warrants    
— 
      4,006              
 —
     
         
Incremental shares to be issued for convertible note – related party     13       900                    
         
Amounts reallocated to unvested restricted shares     (25 )    
              (48 )    
         
Amounts available to stockholders and assumed conversions   $ 604       30,048     $ 0.02     $ 6,788       23,163     $ 0.29