Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.21.2
Earnings Per Share
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Earnings Per Share NOTE 11. 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 (loss) 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 (loss) per share:

Three Months Ended

Six Months Ended

June 30, 2021

June 30, 2020

June 30, 2021

June 30, 2020

Weighted average shares outstanding - basic

31,367

29,817

31,325

29,789

Effect of dilutive stock awards

1,823

-

1,645

-

Weighted average shares outstanding - diluted

33,190

29,817

32,970

29,789

Net income (loss) per share:

Basic

$

0.06

$

(0.09)

$

0.24

$

(0.09)

Diluted

0.06

(0.09)

0.23

(0.09)

 

For the three months ended June 30, 2021 and 2020, equity awards of 1,034 and 4,633, respectively, and for the six months ended June 30, 2021 and 2020, equity awards of 1,017 and 4,590, respectively, were anti-dilutive and therefore not included in the calculation of earnings (loss) per share for these periods.