Note 3 - (Loss) Earnings Per Share

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE

3—

(LOSS) EARNINGS PER SHARE

The calculation of basic and diluted net (loss) earnings per share for the periods presented is as follows:

	Three Months Ended March 31,
	2019			2018
Basic and diluted net (loss) earnings per share
Numerator:
Net (loss) earnings	$	(2,856	)	$	319
Denominator:
Weighted–average shares outstanding		20,152,029			19,571,947
Add:
Dilutive effect of stock options		—			—
Dilutive effect of restricted common stock		—			137,409
Weighted–average shares outstanding with dilution		20,152,029			19,709,356
Net (loss) earnings per share:
Basic	$	(0.14	)	$	0.02
Diluted	$	(0.14	)	$	0.02

Due to the loss from operations for the

three

months ended

March 31, 2019,

the computation of dilutive weighted-average common shares outstanding does

not

include any stock options or any shares of unvested restricted common stock as these potential awards are anti-dilutive.

Because the effect would be anti-dilutive, there were

1,121,332

stock options outstanding that were

not

included in the computation of diluted weighted-average shares outstanding for the

three

months ended

March 31, 2019

and

2018.