Basic and Diluted Loss per Share

6 Months Ended

Jun. 30, 2021

Basic and Diluted Loss per Share [Abstract]

Note 3 - Basic and Diluted Loss per Share

Basic earnings per share is based on the weighted average number of outstanding common shares for the period. Diluted earnings per share adjusts the weighted average shares outstanding for the potential dilution that could occur if outstanding vested stock options were exercised. Basic and diluted earnings per share are based on the weighted average number of outstanding shares for the period.

The number of common shares and common share equivalents used in the determination of basic and diluted loss per common share were as follows:

(in thousands, except for share data)	Three months ended					Six months ended
	June 30, 2021		June 30, 2020			June 30, 2021		June 30, 2020
Numerator:
Net income (loss) attributed to common stockholders	$	3,231	$	(2,149	)	$	1,026	$	(8,407	)

Denominator:
Weighted-average shares outstanding for basic earnings per share		20,647,426		20,407,958			20,638,116		20,375,446

Effect of dilutive securities:
Employee stock options		54,577		-			-		-
Adjusted weighted-average shares outstanding and assumed conversions for diluted earnings per share		20,702,003		20,407,958			20,638,116		20,375,446

Shares related to dilutive securities excluded because inclusion would be anti-dilutive		-		74,732			20,005		56,373