EARNINGS (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2021

Net Income (loss) per share

EARNINGS (LOSS) PER SHARE

NOTE E – EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share is calculated by dividing the net loss by the weighted average number of outstanding common shares during the period. Diluted earnings (loss) per share data includes the dilutive effects of options, warrants and restricted stock units. Potentially dilutive shares of 548,750 and 726,250 at September 30, 2021 and 2020, respectively, consisted of options and restricted stock units.

Computations of basic and diluted weighted average common shares outstanding were as follows:

	Nine Months Ended September 30,				Three Months Ended September 30,
	2021		2020		2021		2020
Weighted-average common shares outstanding – basic		24,136,506		23,992,203		23,934,361		24,012,333
Dilutive effect of options and restricted stock units		470,736		—		385,870		509,375
Weighted-average common shares outstanding – diluted		24,607,242		23,992,203		24,320,231		24,521,708
Options and restricted stock units excluded from the computation of diluted loss per share because the effect of inclusion would have been anti-dilutive		—		726,250		—		—