EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2020

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 3 — EARNINGS PER SHARE

The following table presents a reconciliation of basic and diluted earnings per share for the three months ended March 31, 2020 and 2019, as follows: 

	Three Months Ended
	March 31,
	2020		2019
Basic earnings per share calculation:
Net income (loss)	$	954	$	(1,042)
Weighted average number of common shares outstanding		16,596,236		15,785,954
Basic net income (loss) per share	$	0.06	$	(0.07)
Diluted earnings per share calculation:
Net income (loss)	$	954	$	(1,042)
Weighted average number of common shares outstanding		16,596,236		15,785,954
Common stock equivalents:
Non-vested stock awards (1)		137,038		—
Weighted average number of common shares outstanding		16,733,274		15,785,954
Diluted net income (loss) per share	$	0.06	$	(0.07)

(1) Stock options and restricted stock units granted and outstanding of 683,019 as of March 31, 2019 are excluded from the computation of diluted earnings due to the anti-dilutive effect as a result of the Company’s net loss for three months ended March 31, 2019.