Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Reconciliation of the Weighted Average Number of Common Shares Outstanding

A reconciliation of the weighted average number of common shares outstanding (in thousands) for the years ended December 31 is as follows:

	2019		2018
Common shares outstanding, beginning of the year		12,408		11,886
Weighted average common shares issued		34		246
Weighted average number of common shares outstanding		12,442		12,132
Dilutive effect of stock options and RSUs (1)		-		449
Diluted weighted average number of common shares outstanding		12,442		12,581

(1)

Stock options and RSUs are excluded for periods presented in which the Company has a net loss because the effects are anti-dilutive.

Common Stock Equivalents Excluded From the Calculation of Earnings Per Share

Common stock equivalents (in thousands) that have been excluded from the calculation of earnings per share as of December 31 because they would have been anti-dilutive are as follows:

	2019				2018
Stock options		398				252

None of our RSUs met vesting conditions during 2019.