(LOSS) EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2019

(LOSS) EARNINGS PER SHARE

(LOSS) EARNINGS PER SHARE

NOTE 11. (LOSS) EARNINGS PER SHARE

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

	Year Ended December 31,
	2019		2018
Numerator:	(in thousands, except per share amounts)
Net (loss) income	$	(4,698)	$	12,204
Denominator:
Denominator for basic earnings (loss) per share – weighted average shares		8,525		8,194
Effect of dilutive securities:
Employee restricted stock and incentive stock options		—		24
Denominator for diluted earnings (loss) per share – adjusted weighted average shares and assumed conversion		8,525		8,218
Basic (loss) earnings per share	$	(0.55)	$	1.49
Diluted (loss) earnings per share	$	(0.55)	$	1.49
Weighted average anti-dilutive employee restricted stock and incentive stock options		433		77