EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

Earnings per share are calculated as follows (in thousands, except earnings per share):

	Three Months Ended March 31,
	2021		2020
Basic earnings (loss) per common share
Net income (loss)	$	2,867	$	(38	)
Weighted average shares outstanding		5,202		5,183
Basic earnings (loss) per common share	$	0.55	$	(0.01	)
Diluted earnings (loss) per common share
Net income (loss)	$	2,867	$	(38	)
Weighted average shares outstanding		5,202		5,183
Dilutive effect of restricted stock		8		—
Total weighted average shares outstanding		5,210		5,183
Diluted earnings (loss) per common share	$	0.55	$	(0.01	)

There was no restricted stock excluded from the diluted earnings per share calculation for the three month periods ended March 31, 2021 and March 31, 2020.