EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2018

Income (Loss) Per Share

EARNINGS PER SHARE

NOTE 3 EARNINGS PER SHARE:

Basic earnings per share computations are based on the weighted average number of shares outstanding during each period. Dilutive earnings per share reflect the additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued related to outstanding common stock warrants are determined by the Treasury method. For the three and six months ended June 30, 2017, potential common shares of 880,136 were anti-dilutive and were not included in the calculation. There were no anti-dilutive potential common shares at June 30, 2018. Basic and diluted net income per common share calculations follow:

(Amounts in Thousands, Except Share and Per Share Data)	For the three months ended June 30,					For the six months ended June 30,
	2018			2017		2018		2017
Net income (loss)	$	(49	)	$	2,577	$	31	$	2,692
Weighted average shares outstanding		23,922,086			23,355,503		23,922,086		23,355,198
Dilutive shares for warrants		—			—		—		—
Weighted average dilutive shares outstanding		23,922,086			23,355,503		23,922,086		23,355,198
Basic income (loss) per share	$	(0.00	)	$	0.11	$	0.00	$	0.12
Diluted income (loss) per share	$	(0.00	)	$	0.11	$	0.00	$	0.12