Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2020

Earnings (Loss) Per Share [Abstract]

Earnings (Loss) Per Share

Note K - Earnings (Loss) Per Share

The following is a reconciliation of the denominators used in the calculation of basic and diluted earnings (loss) per share for the years ended December 31:

	2020		2019		2018
Average shares outstanding for basic earnings (loss) per share		14,140,178		14,520,815		14,964,812
Dilutive effect of share equivalents		129,806		99,118		–
Average shares outstanding for diluted earnings (loss) per share		14,269,984		14,619,933		14,964,812