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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2020
EARNINGS PER SHARE  
Reconciliation of basic and diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

 

June 30,

 

 

June 30,

 

 

 

    

2020

    

2019

 

 

2020

    

2019

 

 

Basic earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

529

 

$

(1,018)

 

 

$

1,482

 

$

(2,060)

 

 

Weighted average number of common shares outstanding

 

 

16,760,702

 

 

16,045,790

 

 

 

16,678,469

 

 

15,916,590

 

 

Basic net income (loss) per share

 

$

0.03

 

$

(0.06)

 

 

$

0.09

 

$

(0.13)

 

 

Diluted earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

529

 

$

(1,018)

 

 

$

1,482

 

$

(2,060)

 

 

Weighted average number of common shares outstanding

 

 

16,760,702

 

 

16,045,790

 

 

 

16,678,469

 

 

15,916,590

 

 

Common stock equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-vested stock awards (1)

 

 

363,917

 

 

 —

 

 

 

255,336

 

 

 —

 

 

Weighted average number of common shares outstanding

 

 

17,124,619

 

 

16,045,790

 

 

 

16,933,805

 

 

15,916,590

 

 

Diluted net income (loss) per share

 

$

0.03

 

$

(0.06)

 

 

$

0.09

 

$

(0.13)

 

 

 

(1)

Stock options and restricted stock units granted and outstanding of 1,489,660 as of June 30, 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 and six months ended June 30, 2019.