EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

EARNINGS PER SHARE

    The Company calculates basic Earnings per Share ("EPS") by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted EPS also reflects the potential dilution that could occur if common stock were issued for awards outstanding under the Mannatech, Incorporated 2017 Stock Incentive Plan (described below).

    In determining the potential dilutive effect of outstanding stock options for the three and six months ended June 30, 2021, the Company used the quarterly and six month ended average common stock close price of $22.10 and $20.22 per share, respectively.

For the three and six months ended June 30, 2021, there were 2.06 million and 2.07 million weighted-average common shares outstanding used for the basic EPS calculation, respectively. For the three and six months ended June 30, 2021, approximately 0.08 million and 0.06 million shares subject to options were included in the calculation resulting in 2.14 million and 2.13 million dilutive shares used to calculate diluted EPS. For the three and six months ended June 30, 2021, less than 0.1

million and approximately 0.1 million shares, respectively, of the Company's common stock subject to options were excluded from the diluted EPS calculation as the effect would have been antidilutive.

In determining the potential dilutive effect of outstanding stock options for the three and six months ended June 30, 2020, the Company used the quarterly average common stock close price of $13.00 and 13.61 per share, respectively.

For the three and six months ended June 30, 2020, there were 2.37 million and 2.38 million weighted-average common shares outstanding used for the basic EPS calculation, respectively. For each of the three and six months ended June 30, 2020, approximately 0.02 million shares subject to options were included in the calculation resulting in 2.39 million and 2.40 million dilutive shares used to calculate diluted EPS, respectively. For the three and six months ended June 30, 2020, approximately 0.3 million and 0.6 million of the Company's common stock subject to options were excluded from the diluted EPS calculation as the effect would have been antidilutive.