Basic and Diluted Loss per Share

9 Months Ended

Sep. 30, 2021

Basic and Diluted Loss per Share [Abstract]

Basic and Diluted Loss per Share

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					Nine months ended
	September 30, 2021		September 30, 2020			September 30, 2021		September 30, 2020
Numerator:
Net income (loss) attributed to common stockholders	$	11,438	$	(661	)	$	12,464	$	(9,068	)
Denominator:
Weighted-average shares outstanding for basic earnings per share		20,863,479		20,563,452			20,714,068		20,438,571
Effect of dilutive securities:
Employee RSUs		-		-			-		-
Adjusted weighted-average shares outstanding and assumed conversions for diluted earnings per share		20,863,479		20,563,452			20,714,068		20,438,571
Shares related to dilutive securities excluded because inclusion would be anti-dilutive		14,229		66,261			77,871		12,172