(6) Earnings Per Share

9 Months Ended

Sep. 30, 2020

Earnings per share:

(6) Earnings Per Share

(6) Earnings Per Share

Earnings per share for the three-month and nine-month periods ended September 30, 2020 and 2019 were calculated using the weighted average number of shares outstanding for the related period. The following table reconciles the number of shares used in the computations of basic and diluted earnings per share for the three-month and nine-month periods ended September 30, 2020 and 2019:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
	(In thousands)				(In thousands)
Weighted average number of common shares outstanding during the period used to compute basic earnings per share		22,666		22,526		22,630		22,378
Incremental common shares attributable to exercise of outstanding options and warrants		1,242		1,540		1,195		1,724
Weighted average number of common shares used to compute diluted earnings per share		23,908		24,066		23,825		24,102

If the anti-dilutive effects of common stock equivalents were considered, shares included in the diluted earnings per share calculation for the three-month and nine-month periods ended September 30, 2020 would have included an additional 14.2 million and 13.5 million shares, respectively, attributable to the exercise of outstanding options and warrants. For the three-month and nine-month periods ended September 30, 2019, an additional 10.6 million and 10.6 million shares, respectively, would be included in the diluted earnings per share calculation.