EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2020

EARNINGS PER SHARE

Schedule of computation of basic and diluted earnings (loss) per share

	Three Months Ended
	March 31
	2020		2019
	(in thousands, except share and per share data)
Basic
Numerator:
Net income	$	1,902	$	4,888
Effect of unvested restricted stock awards		(1)		(9)
Adjusted net income	$	1,901	$	4,879
Denominator:
Weighted-average shares		25,390,377		25,570,415
Earnings per common share	$	0.07	$	0.19
Diluted
Numerator:
Net income	$	1,902	$	4,888
Effect of unvested restricted stock awards		(1)		(9)
Adjusted net income	$	1,901	$	4,879
Denominator:
Weighted-average shares		25,390,377		25,570,415
Effect of dilutive securities		856,423		941,934
Adjusted weighted-average shares and assumed conversions		26,246,800		26,512,349
Earnings per common share	$	0.07	$	0.18