Earnings Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share

17. Earnings Per Share

The following table reconciles the denominator used to compute basic earnings per share (“EPS”) to the denominator used to compute diluted EPS for the three months ended March 31, 2020 and March 31, 2019.  Basic EPS is computed using the weighted average number of shares outstanding during the period and income available to shareholders. Diluted EPS is computed similar to basic EPS, except the weighted average number of shares outstanding is increased to include the dilutive effects of equity-based awards. At March 31, 2020, there were 27,596 shares excluded from the number of shares used in calculating diluted EPS as their inclusion would be antidilutive.  There were no dilutive securities outstanding for the three months ended March 31, 2019.

The weighted average number of shares used to compute basic and diluted EPS were:

	Three Months Ended
	March 31, 2020		March 31, 2019
Basic weighted average number of shares outstanding		100,669,693		78,161,484
Dilutive common share equivalents		229,631		-
Diluted weighted average number of shares outstanding		100,899,324		78,161,484