Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2020

Earnings (Loss) Per Share [Abstract]

Earnings (Loss) Per Share

Note 6: Earnings (Loss) Per Share

Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding, after taking into consideration all dilutive potential shares outstanding during the period.

Basic and diluted earnings (loss) per share were calculated as follows:

	(all amounts in thousands except share and per share data)
		For the three months ended					For the nine months ended
		September 30,					September 30,
		2020			2019		2020		2019
Net income (loss)		$	1,914	$		(1,383)	$	4,656	$	(217)
Weighted average shares outstanding - basic			50,009,000			49,769,739		49,926,083		50,901,289
Effect of dilutive securities attributable to stock based awards			678,558			-		395,063		-
Weighted average shares outstanding - diluted			50,687,558			49,769,739		50,321,146		50,901,289
Income (loss) per common share:
Basic		$	0.04	$		(0.03)	$	0.09	$	(0.00)
Diluted		$	0.04	$		(0.03)	$	0.09	$	(0.00)
Anti-dilutive securities excluded from earnings per share calculation			1,640,389			5,047,633		1,733,475		2,614,058