EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 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				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Numerator:	(in thousands, except per share amounts)
Net income (loss)	$	4,193	$	(931)	$	7,790	$	(3,482)
Denominator:
Denominator for basic earnings (loss) per share – weighted average shares		8,806		8,820		8,826		8,737
Effect of dilutive securities:
Employee restricted stock and incentive stock options		141		—		150		—
Denominator for diluted earnings (loss) per share – adjusted weighted average shares and assumed conversion		8,947		8,820		8,976		8,737
Basic earnings (loss) per share	$	0.48	$	(0.11)	$	0.88	$	(0.40)
Diluted earnings (loss) per share	$	0.47	$	(0.11)	$	0.87	$	(0.40)
Weighted average anti-dilutive employee restricted stock and incentive stock options		114		348		126		393