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Note 13 - Earnings Per Share
 12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
EARNINGS PER SHARE.

NOTE 13—EARNINGS (LOSS) PER SHARE

The following table is a calculation of the net earnings (loss) per basic and diluted share:

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

(In thousands, except per share amounts)

 

2019

    

2018

    

2017

Numerator

 

 

  

 

 

  

 

 

  

Net income (loss)

 

$

24,934

 

$

25,074

 

$

(15,417)

Denominator

 

 

 

 

 

 

 

 

 

Weighted average shares used to compute basic EPS

 

 

40,838

 

 

40,039

 

 

37,578

Dilutive effect of share-based awards

 

 

 —

 

 

224

 

 

 —

Weighted average shares used to compute diluted EPS

 

 

40,838

 

 

40,263

 

 

37,578

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share

 

 

 

 

 

 

 

 

 

Basic

 

$

0.61

 

$

0.63

 

$

(0.41)

Diluted

 

$

0.61

 

$

0.62

 

$

(0.41)

 

Diluted EPS for 2019 and 2017 excludes 937,424 options to purchase our common stock because their effect would be anti-dilutive.