NET INCOME (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER SHARE

Basic earnings (loss) per common share exclude all common stock equivalents, primarily restricted stock awards, and is computed using the weighted average number of common shares outstanding during the period. The diluted earnings (loss) per common share calculation reflects the potential dilutive effect of securities that could share in earnings of the Company. As of June 30, 2020, there are no outstanding stock options. For periods prior to June 30, 2020 outstanding options were excluded from the diluted earnings (loss) per share calculation when they would have an anti-dilutive effect. Earnings per share are calculated as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Basic earnings (loss) per common share
Net income	$	441	$	288	$	403	$	628
Weighted average shares outstanding		5,184		5,134		5,184		5,134
Basic earnings (loss) per common share	$	0.09	$	0.06	$	0.08	$	0.12
Diluted earnings (loss) per common share
Net income	$	441	$	288	$	403	$	628
Weighted average shares outstanding		5,184		5,134		5,184		5,134
Dilutive effect of stock options and restricted stock		—		9		—		7
Total weighted average shares outstanding		5,184		5,143		5,184		5,141
Diluted earnings (loss) per common share	$	0.09	$	0.06	$	0.08	$	0.12