Note 14. Earnings Per Share

The Company presents the computation of earnings per share (“EPS”) on a basic and diluted basis. Basic EPS is computed by dividing net income by the weighted average number of shares outstanding during the reported period. Diluted earnings per share are computed similarly to basic earnings per share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential additional common shares that were dilutive had been issued. Shares of common stock are excluded from the calculation if they are determined to be anti-dilutive.

The following table presents the calculation of basic and diluted earnings per common share:


	Amounts in thousands, except per share amounts
Amounts in thousands, except per share amounts	2020		2019		2018
Earnings per share – Basic:
Net earnings	$	(21,569)	$	5,546	$	5,195

Weighted average common shares outstanding – Basic		8,527		8,437		8,371

Earnings per common share – Basic	$	(2.53)	$	0.66	$	0.62

Earnings per share – Diluted:
Net earnings	$	(21,569)	$	5,546	$	5,195

Weighted average common shares outstanding – Basic		8,527		8,437		8,371
Effect of dilutive options		—		130		100
Weighted average common shares outstanding – Diluted		8,527		8,567		8,471

Earnings per common share – Diluted	$	(2.53)	$	0.65	$	0.61

Anti-dilutive equity awards not included above		852		94		40

At March 29, 2020, March 31, 2019, and April 1, 2018 stock options with respect to 862,000, 591,500 and 540,000 shares of common stock were outstanding, respectively. The anti-dilutive stock options outstanding at March 29, 2020, March 31, 2019, and April 1, 2018 total 852,000, 94,000 and 40,000, respectively. There were no anti-dilutive Performance Stock Units or Restricted Stock Units outstanding as of March 29, 2020, March 31, 2019, and April 1, 2018.