Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

Earnings (Loss) Per Share

For the quarters ended March 31, 2020 and 2019, basic earnings per share were computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Unexercised stock options and unvested restricted shares are excluded from this calculation but are included in the diluted earnings per share calculation using the treasury stock method as long as their effect is not antidilutive.

The following table provides a reconciliation of weighted-average shares used to determine basic and diluted earnings per share:

	Quarter Ended   March 31,
In thousands	2020	2019
Basic weighted-average common shares outstanding	17,336	17,254
Effect of dilutive options and restricted stock awards	—	64
Diluted weighted-average common shares outstanding	17,336	17,318

Dilutive stock options totaling 27,407 shares of Common Stock were excluded from the diluted per share computation for the three months ended March 31, 2020, as the Company reported a net loss during that period and, therefore, the effect of including these options would be antidilutive.

For each of the quarters ended March 31, 2020 and 2019, stock options for 708,734 shares and 519,342 shares of Common Stock were not considered in computing diluted earnings per common share because they were antidilutive.