Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.20.2
Earnings Per Share
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share NOTE 9. 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, 2020

June 30, 2019

June 30, 2020

June 30, 2019

Weighted average shares outstanding - basic

29,817

29,898

29,789

29,824

Effect of dilutive stock awards

-

-

-

1,137

Weighted average shares outstanding - diluted

29,817

29,898

29,789

30,961

Net (loss) income per share:

Basic

$

(0.09)

$

(0.02)

$

(0.09)

$

0.10

Diluted

(0.09)

(0.02)

(0.09)

0.10

 

For the three months ended June 30, 2020 and 2019, equity awards of 4,633 and 4,395, respectively, and for the six months ended June 30, 2020 and 2019, equity awards of 4,590 and 605, respectively, were anti-dilutive and therefore not included in the calculation of earnings (loss) per share for these periods.