EARNINGS PER SHARE

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2020 and 2019, as follows: 

	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.