Earnings Per Share

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 8. EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share (“EPS”) for the periods indicated.

	Three Months Ended June 30,					Six Months Ended June 30,
	2021			2020		2021			2020
Basic (loss) earnings per share:
Net (loss) income attributable to common stockholders (000's)	$	(3,950	)	$	4,132	$	(9,097	)	$	11,752
Weighted average shares outstanding		27,904,923			27,876,801		27,866,364			28,212,735
Basic (loss) earnings per share:	$	(0.14	)	$	0.15	$	(0.33	)	$	0.42
Diluted (loss) earnings per share:
Net (loss) income attributable to common stockholders (000's)	$	(3,950	)	$	4,132	$	(9,097	)	$	11,752
Weighted average shares outstanding		27,904,923			27,876,801		27,866,364			28,212,735
Weighted average dilutive shares		—			36,895		—			18,538
Total weighted average dilutive shares		27,904,923			27,913,696		27,866,364			28,231,273
Diluted (loss) earnings per share:	$	(0.14	)	$	0.15	$	(0.33	)	$	0.42

Due to the net loss for the three and six months ended June 30, 2021, the number of dilutive shares is the same as the number of basic shares due to the antidilutive impact of the convertible debt and restricted stock under the if-converted method. The convertible notes were excluded from the computations because the conversion price on these notes was greater than the average market price of the Company’s common shares during each of the respective periods, and therefore, would be anti-dilutive to earnings per share under the treasury method. The Company had 2,452,412 and 2,320,677 antidilutive shares as of June 30, 2021 and 2020, respectively.