Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

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EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The following table sets forth the composition of the weighted-average shares (denominator) used in the basic and dilutive earnings per share computation for the years ended December 31, 2021, 2020, and 2019. For the year ended December 31, 2021, there were no anti-dilutive shares outstanding that were excluded from the dilutive income per share calculation. For the years ended December 31, 2020 and 2019, options to purchase 30 thousand and 220 thousand shares of common stock were excluded from the dilutive income per share calculation because including such shares would be anti-dilutive.
Year Ended December 31,
2021 2020 2019
Net income $ 12,786  $ 5,328  $ 1,322 
Weighted-average shares outstanding, basic 59,223  43,945  32,834 
Effect of dilutive outstanding warrants and stock options 1,241  2,511  1,076 
Weighted-average shares outstanding, dilutive 60,464  46,456  33,910 
Basic income per share $ 0.22  $ 0.12  $ 0.04 
Dilutive income per share $ 0.21  $ 0.11  $ 0.04