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Note 14 - Earnings Per Share
 12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
EARNINGS PER SHARE.

NOTE 14—EARNINGS (LOSS) PER SHARE

The following table is a calculation of the net earnings (loss) per basic and diluted share:

 

 

 

 

 

 

 

 

 

 

 

 

Years ended December 31, 

(In thousands, except per share amounts)

 

2020

    

2019

    

2018

Numerator

 

 

  

 

 

  

 

 

  

Net income (loss)

 

$

(4,907)

 

$

24,934

 

$

25,074

Denominator

 

 

 

 

 

 

 

 

 

Weighted average shares used to compute basic EPS

 

 

42,460

 

 

40,838

 

 

40,039

Dilutive effect of stock-based awards

 

 

 —

 

 

 —

 

 

224

Weighted average shares used to compute diluted EPS

 

 

42,460

 

 

40,838

 

 

40,263

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.12)

 

$

0.61

 

$

0.63

Diluted

 

$

(0.12)

 

$

0.61

 

$

0.62

 

Diluted EPS for 2020 and 2019 excludes 937,424 options to purchase our common stock because their effect would be anti-dilutive.