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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Details of Basic and Diluted Earnings Per Share

The following table sets forth the details of basic and diluted earnings per share:

 

 

 

For the Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

 

 

(unaudited, in thousands, except per share amounts)

 

Numerator:

 

 

 

 

 

 

 

 

Net income

 

$

2,045

 

 

$

48

 

Dividends paid to preferred stockholders

 

 

 

 

 

(34

)

Net income available to

   common stockholders

 

$

2,045

 

 

$

14

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares outstanding –

   basic

 

 

39,482

 

 

 

31,297

 

Potential common shares – options /

   warrants (treasury stock method)

 

 

2,712

 

 

 

26

 

Weighted average shares outstanding –

   diluted

 

 

42,194

 

 

 

31,323

 

 

 

 

 

 

 

 

 

 

Shares excluded (anti-dilutive)

 

 

77

 

 

 

11,213

 

 

 

 

 

 

 

 

 

 

Net earnings per common share:

 

 

 

 

 

 

 

 

Basic

 

$

0.05

 

 

$

0.00

 

Diluted

 

$

0.05

 

 

$

0.00