Three Months Ended

Nine Months Ended

September 30,

2020

2019

2020

2019

Numerator:

(in thousands, except per share amounts)

Net income (loss)

$

2,295

$

(1,373)

$

(1,187)

$

129

Denominator:

Denominator for basic earnings (loss) per share – weighted average shares

8,807

8,564

8,762

8,509

Effect of dilutive securities:

Employee restricted stock and incentive stock options

148

—

13

Denominator for diluted earnings (loss) per share – adjusted weighted average shares and assumed conversion

8,955

8,564

8,762

8,522

Basic earnings (loss) per share

$

0.26

$

(0.16)

$

(0.14)

$

0.02

Diluted earnings (loss) per share

$

0.26

$

(0.16)

$

(0.14)

$

0.02

Weighted average anti-dilutive employee restricted stock and incentive stock options

208

509

354

421