Earnings Per Share

12 Months Ended

Dec. 31, 2020

Earnings per Share [Abstract]

Earnings per Share

12. Earnings Per Share:

We have adopted the provisions of ASC 260, “Earnings Per Share,” requiring presentation of both basic and diluted earnings per share. A reconciliation of the numerators and denominators of the basic and diluted per share calculations is presented below (in thousands, except per share amounts):

	2020		2019
Numerator for both basic and diluted earnings per share:
Net (loss) income	$	(91,655)	$	(625)
Denominator, basic shares		18,137		18,107
Effect of dilutive securities:
Stock-based compensation awards		—		—
Denominator, diluted shares		18,137		18,107
Basic (loss) earnings per share:	$	(5.05)	$	(0.03)
Diluted (loss) earnings per share:	$	(5.05)	$	(0.03)

We had 14,157 shares of common stock potentially issuable upon exercise of employee stock options for years ended December 31, 2020 and 2019, that were excluded from the weighted average number of shares outstanding on a diluted basis because the effect of such options would be anti-dilutive.  These instruments, to the extent not previously cancelled or exercised, expire in 2021.