Computation of Earnings per Share

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Computation of Earnings per Share

Note 8 – Computation of Earnings per Share

Basic earnings per share is computed by dividing net income or loss by the weighted average number of common shares outstanding. Diluted earnings per share is computed by dividing net income or loss by the weighted average number of common shares outstanding plus additional common shares that would have

been outstanding if dilutive potential common shares had been issued. For the purposes of this calculation, stock options are considered common stock equivalents in periods in which they have a dilutive effect. Stock options that are anti-dilutive are excluded from the calculation. Potential common stock equivalents were not included in the per share calculation for diluted earnings per share where we had a net loss and the effect of their inclusion would be anti-dilutive.

	Three Months Ended September 30,					Nine Months Ended September 30,
	2022		2021			2022		2021
Net income (loss)	$	2,599	$	(1,579	)	$	31	$	(4,569	)
Shares outstanding:
Weighted-average common shares outstanding		21,725		21,532			21,674		21,508
Additional dilutive common stock equivalents		73		—			59		—
Diluted shares outstanding		21,798		21,532			21,733		21,508
Net income (loss) per share – basic	$	0.12	$	(0.07	)	$	0.00	$	(0.21	)
Net income (loss) per share - diluted	$	0.12	$	(0.07	)	$	0.00	$	(0.21	)