NET INCOME (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2020

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE

8. NET INCOME (LOSS) PER SHARE

Basic net income (loss) per share is computed by dividing the net income (loss) by the weighted average shares outstanding. Diluted income (loss) per share is computed by dividing the net income (loss) by the weighted average diluted shares outstanding.

The computation of basic and diluted income (loss) per share was as follows (in thousands, except share and per share data):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Net income (loss)	$	1,500	$	(11,246)	$	2,493	$	(11,383)
Weighted average common shares outstanding
Basic		23,339,644		23,176,934		23,313,383		23,117,571
Dilutive common stock options, restricted stock unit awards and restricted stock awards		208,609		—		186,726		—
Diluted		23,548,253		23,176,934		23,500,109		23,117,571
Basic income (loss) per share of common stock	$	0.06	$	(0.49)	$	0.11	$	(0.49)
Diluted income (loss) per share of common stock	$	0.06	$	(0.49)	$	0.11	$	(0.49)

The Company had net income for the three and six months ended June 30, 2020 and had 208,609 and 186,726 dilutive restricted stock unit awards, respectively, and no dilutive common stock options or restricted stock awards for that period. The Company had a net loss for the three and six months ended June 30, 2019, as a result, all stock options, restricted stock unit awards and restricted stock awards were anti-dilutive and excluded from weighted average shares used in determining the diluted loss per share of common stock for that period.

The following weighted average numbers of stock options, restricted stock unit awards and restricted stock awards have been excluded from the calculation of diluted income (loss) per share of common stock, as their effect would be anti-dilutive for the three and six months ended June 30, 2020 and 2019:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Stock options		—		87,497		—	87,497
Restricted stock units		3,857		451,190		12,263	498,704
Restricted stock awards		—		—		—	16,402
Total		3,857		538,687		12,263	602,603