EARNINGS (LOSS) PER SHARE (Tables)

3 Months Ended

Mar. 31, 2021

EARNINGS (LOSS) PER SHARE

Schedule of basic and diluted earnings 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