EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

NOTE E – EARNINGS (LOSS) PER SHARE

Basic income (loss) per share is calculated by dividing the net income (loss) by the weighted average number of outstanding common shares during the period. Diluted per share data includes the dilutive effects of options and restricted stock units. Potentially dilutive shares of 1,160,000 and 685,000 at June 30, 2022 and 2021, respectively, consisted of options and restricted stock units.

Computations of basic and diluted weighted average common shares outstanding were as follows:

	Six Months Ended June 30,				Three Months Ended June 30,
	2022		2021		2022		2021
Weighted-average common shares outstanding – basic		23,864,053		24,106,169		23,854,438		23,839,455
Dilutive effect of options and restricted stock units		—		772,088		—		—
Weighted-average common shares outstanding – diluted		23,864,053		24,878,257		23,854,438		23,839,455
Options and restricted stock units excluded from the computation of diluted loss per share because the effect of inclusion would have been anti-dilutive		1,160,000		—		1,160,000		685,000