Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.19.1
Earnings Per Share
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 9.  EARNINGS PER SHARE



Basic earnings per share is computed by dividing earnings by the weighted average number of common shares outstanding during each period.  Diluted earnings per share is computed by dividing earnings by the total of the weighted average number of shares of common stock outstanding during each period, plus the effect of dilutive outstanding stock options and unvested restricted stock grants.  Potentially dilutive securities are excluded from the computation of diluted earnings per share if their effect is anti-dilutive to the loss from continuing operations.



The following table is a reconciliation of basic and diluted shares of common stock outstanding used in the calculation of earnings per share:





 

 

 

 

 

 



 

Three Months Ended



 

March 31, 2019

 

March 31, 2018



 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

29,748 

 

 

30,041 

Effect of dilutive stock awards

 

 

925 

 

 

116 

Weighted average shares outstanding - diluted

 

 

30,673 

 

 

30,157 



 

 

 

 

 

 

Net income per share:

 

 

 

 

 

 

Basic

 

$

0.13 

 

$

0.01 

Diluted

 

 

0.12 

 

 

0.01 

 





For the three months ended March 31, 2019 and 2018, equity awards of 860 and 2,119, respectively, were outstanding and anti-dilutive and therefore not included in the calculation of earnings per share for these periods.