Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.20.1
Earnings Per Share
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 10.  EARNINGS (LOSS) PER SHARE



Basic earnings (loss) per share is computed by dividing earnings (loss) by the weighted average number of common shares outstanding during each period.  Diluted earnings (loss) per share is computed by dividing earnings (loss) 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:





 

 

 

 

 

 

 

 

 



 

Year Ended December 31,



 

2019

 

2018

 

2017



 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

29,820 

 

 

29,915 

 

 

30,022 

Effect of dilutive stock awards

 

 

1,173 

 

 

340 

 

 

 -

Weighted average shares outstanding - diluted

 

 

30,993 

 

 

30,255 

 

 

30,022 



 

 

 

 

 

 

 

 

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.64 

 

$

0.24 

 

$

(0.02)

Diluted

 

 

0.61 

 

 

0.24 

 

 

(0.02)

 

 



For the years ended December 31, 2019, 2018, and 2017, equity awards of 702,  1,164, and 3,009, respectively, were outstanding and anti-dilutive and therefore not included in the calculation of net income (loss) per share for these periods.