Earnings Per Common Share

9 Months Ended

Sep. 30, 2021

(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 September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Numerator for basic and diluted earnings (loss) per common share:
Income from continuing operations	$	2,240	$	16,578	$	3,824	$	23,543
Income (loss) from discontinued operations	72		(9,748)		72		(18,056)
Net income	$	2,312	$	6,830	$	3,896	$	5,487
Denominator:
Weighted average shares outstanding	10,642		10,562		10,615		10,533
Denominator for basic income (loss) per common share	10,642		10,562		10,615		10,533
Effect of dilutive securities:
Stock compensation plans	122		97		129		121
Dilutive potential common shares	122		97		129		121
Denominator for diluted income (loss) per common share - adjusted weighted average shares outstanding	10,764		10,659		10,744		10,654
Continuing operations	$	0.21	$	1.57	$	0.36	$	2.24
Discontinued operations	0.01		(0.92)		0.01		(1.72)
Basic income per common share	$	0.22	$	0.65	$	0.37	$	0.52
Continuing operations	$	0.21	$	1.56	$	0.36	$	2.21
Discontinued operations	0.01		(0.92)		0.01		(1.69)
Diluted income per common share	$	0.22	$	0.64	$	0.37	$	0.52

There were no anti-dilutive shares during the periods presented above.