Earnings Per Common Share

6 Months Ended

Jun. 30, 2020

(Share amounts in thousands)

The following table sets forth the computation of basic and diluted earnings (loss) per common share for the periods indicated:


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Numerator for basic and diluted earnings (loss) per common share:
Net income (loss)	$	523	$	9,564	$	(1,343)	$	13,254
Denominator:
Weighted average shares outstanding	10,557		10,420		10,518		10,399
Denominator for basic earnings (loss) per common share	10,557		10,420		10,518		10,399
Effect of dilutive securities:
Stock compensation plans	66		222		—		199
Dilutive potential common shares	66		222		—		199
Denominator for diluted earnings (loss) per common share - adjusted weighted average shares outstanding	10,623		10,642		10,518		10,598
Basic earnings (loss) per common share	$	0.05	$	0.92	$	(0.13)	$	1.27
Diluted earnings (loss) per common share	$	0.05	$	0.90	$	(0.13)	$	1.25

There were no anti-dilutive shares during the three months ended June 30, 2020 and 131 anti-dilutive shares during the six months ended June 30, 2020, excluded from the above calculation. There were no anti-dilutive shares during the three and six months ended June 30, 2019.