Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.20.4
Earnings Per Share
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Earnings Per Share NOTE 11. 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:

Year Ended December 31,

2020

2019

2018

Weighted average shares outstanding - basic

30,175

29,820

29,915

Effect of dilutive stock awards

1,050

1,173

340

Weighted average shares outstanding - diluted

31,225

30,993

30,255

Net income per share:

Basic

$

0.18

$

0.64

$

0.24

Diluted

0.18

0.61

0.24

 

 

For the years ended December 31, 2020, 2019, and 2018, equity awards of 868, 702, and 1,164, respectively, were outstanding and anti-dilutive and therefore not included in the calculation of net income per share for these periods.