EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2021

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE

NOTE 9 – EARNINGS (LOSS) PER SHARE

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

	Three Months Ended
	March 31,
	2021		2020
Numerator:	(in thousands, except per share amounts)
Net income (loss)	$	3,597	$	(2,551)
Denominator:
Denominator for basic earnings (loss) per share – weighted average shares		8,841		8,633
Effect of dilutive securities:
Employee restricted stock and incentive stock options		166		—
Denominator for diluted earnings (loss) per share – adjusted weighted average shares and assumed conversion		9,007		8,633
Basic earnings (loss) per share	$	0.41	$	(0.30)
Diluted earnings (loss) per share	$	0.40	$	(0.30)
Weighted average anti-dilutive employee restricted stock and incentive stock options		234		439