Note 6 - Earnings Per Share

6 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

6. Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended June 30,						Six Months Ended June 30,
	2021			2020			2021			2020
Numerator:
Net loss	$	(14,005	)	$	(83,256	)	$	(37,695	)	$	(41,813	)
Denominator:
Denominator for basic earnings per share – weighted-average common shares outstanding		8,403			8,362			8,403			8,368
Effect of dilutive securities:
Stock options, restricted shares and warrants		-			-			-			-
Denominator for diluted earnings per share – adjusted weighted-average shares and assumed exercise of options and restricted shares		8,403			8,362			8,403			8,368
Net loss per common share - basic	$	(1.67	)	$	(9.96	)	$	(4.49	)	$	(5.00	)
Net loss per common share - diluted	$	(1.67	)	$	(9.96	)	$	(4.49	)	$	(5.00	)

Basic earnings per share, excluding any dilutive effects of stock options and unvested restricted stock, is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted net income per share is computed similar to basic; however diluted income per share reflects the assumed conversion of all potentially dilutive securities. For the three and six month periods ended June 30, 2021 there were no dilutive potential shares relating to stock options and restricted stock due to our depressed stock price and losses in the period.