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Note 10 - Earnings Per Share
 6 Months Ended
Jun. 30, 2020
Notes to Financial Statements  
EARNINGS PER SHARE.

NOTE 10—EARNINGS PER SHARE

The following is the computation of basic and diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three months ended June 30, 

 

Six months ended June 30, 

 

(In thousands, except per share amounts)

    

2020

    

2019

    

2020

    

2019

 

Numerator

 

 

  

 

 

  

 

 

  

 

 

  

 

Net income

 

$

2,652

 

$

10,613

 

$

4,614

 

$

17,496

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used to compute basic EPS

 

 

42,704

 

 

40,869

 

 

42,232

 

 

40,737

 

Dilutive effect of share-based awards

 

 

 —

 

 

96

 

 

 —

 

 

73

 

Weighted average shares used to compute diluted EPS

 

 

42,704

 

 

40,965

 

 

42,232

 

 

40,810

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.06

 

$

0.26

 

$

0.11

 

$

0.43

 

Diluted

 

$

0.06

 

$

0.26

 

$

0.11

 

$

0.43

 

 

Diluted EPS in each of the three and six months ended June 30, 2020 excludes 937,424 options to purchase our common stock because their effect would be anti-dilutive.