Note 13 - Earnings Per Share

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

1 3 . EARNINGS PER SHARE

Earnings per share are based on the weighted average number of shares of common stock and dilutive potential common share equivalents outstanding. Basic earnings per share assumes

no

dilution and is computed by dividing net income attributable to Alaska Communications by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of the Company.

The calculation of basic and diluted earnings per share for the

three

-month periods ended

March 31, 2020

and

2019

are as follows:

	Three Months Ended
	March 31,
	2020		2019
Net income attributable to Alaska Communications	$	2,387	$	227
Weighted average common shares outstanding:
Basic shares		53,186		53,382
Effect of stock-based compensation		1,051		1,223
Diluted shares		54,237		54,605
Net income per share attributable to Alaska Communications:
Basic	$	0.04	$	0.00
Diluted	$	0.04	$	0.00