Loss Per Share

6 Months Ended

Jun. 30, 2020

For the three-month and six-month periods ended June 30, 2020 and 2019, basic earnings per share were computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Unexercised stock options and unvested restricted shares are excluded from this calculation but are included in the diluted earnings per share calculation using the treasury stock method as long as their effect is not antidilutive.

The following table provides a reconciliation of weighted-average shares used to determine basic and diluted earnings per share:


	For the Three Months Ended June 30,			For the Six Months Ended June 30,
In thousands	2020	2019	2020	2019
Basic weighted-average common shares outstanding	17,372	17,267	17,354	17,260
Effect of dilutive options and restricted stock awards	—	—	—	—
Diluted weighted-average common shares outstanding	17,372	17,267	17,354	17,260

Dilutive stock awards totaling 4,432 and 19,710 shares of Common Stock were excluded from the diluted per share computation for the three-month and six-month periods ended June 30, 2020, as the Company reported a net loss during those periods and, therefore, the effect of including these options would be antidilutive. Dilutive stock options totaling 54,713 and 69,730 shares of Common Stock were excluded from the diluted per share computation for the three-month and six-month periods ended June 30, 2019, as the Company reported a net loss during that period and, therefore, the effect of including these options would be antidilutive.

For each of the three-month periods ended June 30, 2020 and 2019, stock options for 732,512 shares and 520,189 shares of Common Stock were not considered in computing diluted earnings per common share because they were antidilutive. For each of the six-month periods ended June 30, 2020 and 2019, stock options for 715,046 shares and 521,293 shares of Common Stock were not considered in computing diluted earnings per common share because they were antidilutive.