(Loss) Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
(Dollars in thousands, except share and per share data)

Net (Loss) Income	$	(17,395)	$	3,746	$	(13,719)	$	9,650

Weighted-Average Basic Common Shares Outstanding	5,395,342		5,433,289		5,406,710		5,433,296
Dilutive Effect of Common Stock Equivalents (Stock Options and Restricted Stock)	—		25,434		—		18,409
Weighted-Average Diluted Common Shares and Common Stock Equivalents Outstanding	5,395,342		5,458,723		5,406,710		5,451,705

(Loss) Earnings Per Share:
Basic	$	(3.22)	$	0.69	$	(2.54)	$	1.78
Diluted	(3.22)		0.69		(2.54)		1.77

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table presents for the periods indicated (a) options to purchase shares of common stock that were outstanding but not included in the computation of earnings per share because the options’ exercise price was greater than the average market price of the common shares for the period, and (b) shares of restricted stock awards that were not included in the computation of diluted earnings per share because the hypothetical repurchase of shares under the treasury stock method exceeded the weighted average nonvested restricted awards, therefore the effects would be anti-dilutive.


	Three Months Ended September 30,		Nine Months Ended September 30,
	2020	2019	2020	2019
Stock Options	220,271	88,253	220,271	88,253
Restricted Stock	49,130	—	49,130	600