Three Months Ended

Six Months Ended

June 30,

2020

2019

2020

2019

(In thousands, except per share data)

Numerator:

Net income (loss)

$

(4,911)

$

4,734

$

(3,231)

$

6,104

Less: Income (loss) allocated to unvested participating securities

(104)

88

(68)

114

Net income (loss) available to common stockholders

$

(4,807)

$

4,646

$

(3,163)

$

5,990

Denominator:

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

5,868

5,844

5,867

5,843

Effect of dilutive securities:

Common stock equivalents

—

Denominator for diluted earnings (loss) per share — adjusted weighted-average shares and assumed conversions

5,868

5,844

5,867

5,843

Earnings (loss) per share:

Basic

$

(.82)

$

.80

$

(.54)

$

1.03

Diluted

$

(.82)

$

.80

$

(.54)

$

1.03