The Company computes basic net income (loss) per share using the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share is computed using the weighted average number of common shares and the effect of potentially dilutive securities outstanding during the period. Potentially dilutive securities may consist of warrants, restricted stock units or other contingently issuable shares. The dilutive effect of

outstanding warrants, restricted stock units and other contingently issuable shares is reflected in diluted earnings per share by application of the treasury stock method. The weighted average share impact of warrants and restricted stock units that were excluded from the calculation of diluted shares due to the Company incurring a net loss for the three month ending March 31, 2021 and March 31, 2020 were 1,158,000 and 236,575 shares.

The following table provides the basis for basic and diluted earnings per share by reconciling the denominators of the computations



	Three Months Ended March 31,
	2021	2020
(In Thousands)
Weighted average shares outstanding:
Basic weighted average shares outstanding	15,283	15,139
Effect of dilutive securities	—	—
Diluted weighted average shares outstanding	15,283	15,139